Australia is at a crossroads – jobs and living standards are under threat.
In a changing world with many challenges, see advice our economic growth is now slowing, wages growth is at its slowest in 15 years, there is rising government debt and an ageing population. We need the right policy settings, including a competition environment designed for the needs of a modern economy, to help adjust quickly to the forces of change.
Our current competition policies were developed for a different economy and a different world. In today’s uncertain global economic environment, it’s holding us back – discouraging investment, innovation, individual effort, diversity and employment.
We need real competition to respond to these challenges.