Business Council Cheers Albanese Labor Re-Election
The Business Council congratulates Prime Minister Anthony Albanese on his historic victory and looks forward to working constructively with the Government at a time when Australia faces many challenges.
“I congratulate the Government on its election victory, and confirm business stands ready to roll up its sleeves and assist in working through the biggest challenges facing our nation,” Business Council Chief Executive Bran Black said.
“We face so many global and domestic uncertainties and challenges – from tariff imposition to changing demographics – and so we must control what is within our scope to control, and that means establishing policy settings that facilitate national prosperity by supporting businesses to thrive.
“This Parliament must prioritise a productivity agenda that unlocks investment and growth in the private sector, which is ultimately the only way to sustainably boost living standards and lift real wages.”
The BCA welcomed the Government’s actions in its last term on enhancing trade opportunities and on leveraging the federal balance sheet to support State and Territory productivity agendas, amongst others.
The BCA also welcomes the Government’s commitment to reform environmental approvals to deliver processes that improve outcomes for both business and the environment.
“If we want a more productive economy, with more houses built and more projects to help achieve a successful energy transition, then fixing our cumbersome environmental approvals system is a must-do,” Mr Black said.
“These actions, along with harnessing AI, creating better investment attraction settings and achieving a balanced approach to industrial relations are all fundamental to boosting productivity and increasing prosperity for all Australians.”
The BCA’s Big Five priorities for this term of Parliament are improving living standards, increasing skills, boosting housing supply, delivering sustainable health and care services,and achieving an affordable and reliable pathway to net zero.
“Business is at the heart of the solution to each of our greatest challenges and opportunities – with six out of every seven workers employed by the private sector, and 80 per cent of Australia’s economic output coming from businesses of all sizes,” Mr Black said.
“I also want to recognise Peter Dutton’s distinguished record of public service and thank him for his significant contribution over more than 23 years and wish him well for his next steps.”
https://www.bca.com.au/business_council_welcomes_re_election_of_albanese_labor_government