SYDNEY: The Australian Investment Council has today released Building a Resilient Future, a policy blueprint for economic and
jobs growth. The blueprint highlights the private capital industry’s view
of key policies for consideration by an incoming government in building a
prosperous and resilient future for Australia.
“Australia has an opportunity to build upon the productivity-enhancing
impact of businesses underpinned by technology with robust policies that
support the growth and expansion of businesses aligned with core industries
of the future,” said Jonathan Kelly, Interim CEO of the Australian Investment Council.
“The Council and its members believe that sustainable, long-term economic
growth requires policies that focus on encouraging the flow of investment
capital and a globally competitive investment regime; providing world-class
infrastructure assets; and supporting funding and growth for the
commercialisation of innovation.
“These policies should be underpinned by the government’s digital economy
strategy to secure economy growth, the development of skills aligned to
future jobs and the acceleration and development of technology as an
enabler of businesses across all sectors of the economy,” Mr Kelly said.
The Council has identified six policy priority areas which are relevant to
any incoming government:
Building a world class investment regime
– introduce a flow-through, international best practice Limited Partnership
Collective Investment Vehicle to support the broader policy objectives of
building Australia as a financial services hub and major supplier of global
financial services and ensure policies around foreign investment provide
clarity and certainty for market participants
Strengthening trade ties regionally and globally
– ensure policy settings through bilateral and multilateral agreements
encourage trade and investment and that reciprocal arrangements can be made
for the flow of foreign investment capital and human capital
Building the next generation of global talent
– commit to a world class education system that is dedicated to developing
the right skills and experience for a knowledge-based economy
Redefining university commercialisation
– incentivise closer ties between universities and private sector investors
to commercialise university research and continue to establish innovation
precincts to create a culture of collaboration, innovation and public
engagement for the development of new businesses and industries.
– including a reduction in the headline tax rate for all Australian
businesses and reducing reliance on direct tax and rebalancing towards a
greater reliance on ‘user pays’ pricing mechanisms and indirect taxes
Reducing ‘red tape’
– only regulating when there is a clear and unavoidable need and where new
laws or regulations are required, they are enabled through technology
Building a Resilient Future
outlines several pillars to underpin these policy priorities including
keeping borders open, maintaining a flow of investment capital, protecting
against cyber threats, achieving net zero and managing the economy against
a backdrop of higher inflation.
Read the full copy of the blueprint here
For an interview with Jonathan Kelly, Interim CEO of the Australian Investment Council, please contact:
Public Affairs Manager
E: [email protected] | M: +61 436 388 919
About the Australian Investment Council:
The Australian Investment Council is the voice of private capital in Australia. Private capital investment has played a central role in the growth and expansion of thousands of businesses, which together represent a multi-billion-dollar contribution to the Australian economy. Our members are the standard-bearers of the professional investment community in Australia and include: private equity, venture capital, corporate venture capital, private credit funds, family offices, institutional investors such as superannuation and sovereign wealth funds, as well as leading financial, legal and commercial advisers.