Insolvency data shows that Australia is positioned to bounce back but we must act now to lock in and build on our gains, Business Council chief executive Jennifer Westacott said.
“Support from governments at all levels, particularly the federal government, put a floor under the economy and kept businesses in action and workers in jobs through the worst of the pandemic.
“Now we’re in position to ramp up the recovery as the economy opens up.
“Growth in active trading businesses shows that Australians are confident about the future. Now we’ll need to drive demand, get customers through doors and let businesses plan by unlocking the economy safely and quickly.
“Business is ready to take the baton from government with the right conditions to do the heavy lifting on job creation and recovery.
“To create new jobs and keep our strong run going, we’ll need to make ourselves a more globally competitive place for businesses to set up shop, invest and employ.
“We need to do everything we can to encourage big employers to make the large investments that will transform the economy and set us up for growth.
“We must also continue to drive new investment across the economy with the right tax incentives, a workplace relations system that encourages job creation and by axing the red-tape that acts as a roadblock to investment.