Reducing Red Tape Critical to Success of Future Made in Australia Act: Business Groups

Business lobby groups are urging the federal government to boost Australia’s competitiveness to ensure the country would reap the intended benefits from the recently announced Future Made in Australia Act. The proposed legislation, aimed to boost domestic manufacturing and facilitate the transition to renewable energy, has already received positive feedback from several concerned sectors. For one, the act will provide $1.2 billion (US$775.5 million) for the Future Made in Australia Skills Plan to focus on closing the gap in key areas of skills shortages with new places at university and TAFE—an initiative welcomed by the education industry. “Universities are central to this task—providing the highly skilled workers and the research and development to guide Australia through both challenges and opportunities in the coming decades,” Universities Australia CEO Luke Sheehy said. “Our graduates and our researchers hold the skills, knowledge and ideas that will continue to power the economy, spur Australia’s productivity and define Australia’s success in the coming decades.”...