Prime Minister Anthony Albanese promised the government's three-day productivity roundtable would deliver long-lasting change to the nation's economic agenda, but did it achieve what it set out to?
COMMITMENTS
* Abolishing nuisance tariffs that raise the price of imported goods, costing the government more than they bring in
* Reducing complexity and red tape in the National Construction Code, making it easier for developers to build homes
* Reforming environmental laws to make it quicker for projects to receive a 'yes' or 'no'
* Road user charge to ensure electric vehicle owners contribute to road maintenance
* A gap analysis to identify if existing legislation can cover AI effectively, and working to protect creatives from copyright infringements
* The introduction of a regulatory reform bill, aimed at improving efficiency by ensuring the same information is not supplied repetitively for different purposes
* Skills recognition across states and territory lines, and for migrant workers
* Clear a backlog of environmental approvals for new housing projects, and make it easier to use modular construction methods
* Changing the superannuation performance test to incentivise investment in housing and clean energy
* A pilot "front door" for investors and changes to the Foreign Investment Review Board to incentivise business spending.
WHAT ABOUT TAX REFORM?
* Treasurer Jim Chalmers announced three objectives the government would try and address in the tax system
1. A fair go for working people, including in intergenerational equity terms
2. An affordable, responsible way to incentivise business investment
3. How to make the system more sustainable, funding the services people need
* Possible considerations include negative gearing, lowering tax on for companies and business, and getting rid of stamp duty.
CLOSING COMMENTS
"If there's one way to understand how this Albanese government rolls, from the prime minister all the way down, is we genuinely believe in our hearts that the best kind of progress that we make is the progress we make together."
- Treasurer Jim Chalmers
