The Australian Government released the Industry Innovation and Competitiveness Agenda (Agenda) to strengthen Australia’s competitiveness. The Agenda is a key business-focused element of the Government’s Economic Action Strategy and provides a framework for boosting Australian industries’ competitiveness and driving greater innovation and investment across Australia.
The four key ambitions as part of this agenda include: a lower cost, business friendly environment with less regulation, lower taxes and more competitive markets; a more skilled labour force; better economic infrastructure; and industry policy that fosters innovation and entrepreneurship.