The following statement is attributed to Business Council Chief Executive Bran Black 

“We welcome the Prime Minister’s focus on productivity, with productivity growth being the single biggest driver to sustainably lift living standards for all Australians.” 

“Productivity growth over the past decade was the weakest in six decades, and we know that lifting business investment is essential to boosting productivity, lifting real wages, creating jobs, and ensuring more opportunity for more Australians.”

“The BCA is committed to bringing forward constructive policies that will drive more business investment, and we are already working with almost 30 different business, industry and university groups to develop ideas to achieve that goal.”

“These policies include red tape reduction, faster approvals on major projects, harnessing the potential of AI, advancing research and development, undertaking broad tax reform, unlocking more trade and investment and delivering the energy transition.”

“At the same time, we will continue to be very clear about policies that the business community believes will be counterproductive to improving productivity.”