The nation’s top bosses have heaped praise on Labor’s first year in office, but want more action on migration, skills, energy and housing.
as well as being clear on Australian values.
Managing a slowing economy is going to be its biggest challenge in the new year, and the October budget demonstrated it is appropriately focused on budget and fiscal repair. We would like to see some further targeted increases in immigration to help ease labour shortages and a focus on a national framework for digital services.Tarun Gupta, Stockland
The introduction of a new industrial relations policy has been troubling, both in terms of the new legislation and the limited consultation and economic assessment that was undertaken. We seek commitments from the government on fiscal stability, so that the private sector can get on and do what it does best, which is to invest in new projects and create jobs.We have welcomed the government’s proactive and consultative approach on key policies.
The combination of inflation and over-regulation that many industries find themselves in threatens to slow down businesses. This must be addressed if businesses are to lower their costs of operation and stay competitive both locally and abroad.We welcome the increased funding and support announced by the federal government to build resilience and mitigate risks of extreme weather for communities.
. We may have unique natural resources, but the tax system and challenges associated with project approvals and access to labour and skills necessary for major investment are negatives.Our interactions to date with the Albanese government have been positive. It is important for governments and industry to work in partnership to address challenges and opportunities that are common to both, including decarbonisation.I think it’s early days and performance will be assessed on outcomes.
To do this, we need focused actions and collaboration across all levels of government, business and the property industry to address issues around property taxation, development planning, rental stock supply and the need for more public and affordable housing.We’ve worked closely with the government throughout the complexities of our cybercrime event and have appreciated its support as we have worked through this issue.
We are committed to working with all governments to ensure an equitable, reliable and affordable energy transition for customers. We support responsible policies aimed at ensuring the energy transition happens as quickly and as efficiently as possible.The key to attracting the necessary investment will be to ensure that clear investment signals are maintained.
I commend the work of the Minister for Agriculture and Minister for Emergency Management, Murray Watt. His efforts to bolster Australia’s strong biosecurity framework and his work supporting regional communities affected by flooding have been well received by the agriculture industry. I encourage the government to continue to keep rural and regional Australia front of mind as we head into 2023.We have been pleased to see a focus on decarbonisation and more ambitious climate targets.
On the IR front, we need a sensible and pragmatic framework where people get rewarded fairly for contributions and hard work. The resources industry has relatively high wages achieved through the enterprise-based bargaining regime which has generally worked fairly. The current proposed reforms must not add supply chain risk, cost and complexity to the system – something that business does not need right now.
We also welcome the commitment to hold a referendum on an Indigenous Voice to parliament, and Origin has, and will continue to, publicly advocate for broad support for the Uluru Statement from the Heart.There is no doubt businesses right across Australia are facing a range of headwinds as we approach the new year. The Albanese government has shown it is committed to engaging with business and having the policy conversations that need to be had in this period of rapid change and vulnerability.
It is important that Australia has a long-term bipartisan view on trade and diplomatic affairs in the region, and it is impressive the focus and attention that both Prime Minister Anthony Albanese and Senator Penny Wong have applied in a relatively short period of time. As strategic trade policy is shifting globally, the priority must continue to be to secure the best possible trade structure for Australia now and for the future.
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