Australian Government launches Industry Innovation and Competitiveness Agenda

Key Points:

The overarching ambitions of the Agenda and the specific reforms set out within it demonstrate the Government's commitment to driving change in Australian industry.

The Australian Federal Government's new "Industry Innovation and Competitiveness Agenda: An Action Plan for a Stronger Australia" is a broad-based initiative intended to improve Australian competitiveness both here and overseas. A number of its proposals will have an impact on international trade and customs.

What does the Industry Innovation and Competitiveness Agenda seek to achieve?

The Agenda sets out four overarching ambitions:

• a lower cost-business friendly environment with less regulation, lower taxes and more competitive markets;