Seizing the opportunity to diversify
Western Australia’s economic diversification remains elusive with mining still comprising almost half our economy.
But commodity markets will inevitably turn. The State Government itself expects business investment growth to be anaemic as we approach 2025.
Our State is not yet pulling the levers that would provide sustained, stronger growth and diversification.
Our pre-budget submission includes recommendations to the State Government that will encourage WA businesses to invest and help our economy to diversify.
Keep the costs of doing business low
- Reform WA’s payroll tax model to provide relief for small and medium enterprises
- Increase the funding for community service providers to reflect the true cost of delivering their services
- Do not impose new or higher taxes
- Explore reforming stamp duty to improve economic well-being and fairness
Ensure a skilled workforce
- Advocate to the Commonwealth for a less complex and more flexible migration system
- Boost women’s workforce participation by reforming kindy funding and addressing early childhood teacher shortages
- Unleash the contribution and value of under-represented cohorts through initiatives that educate employers on the benefits of diversity & inclusion and address existing barriers
Ensure regulation helps, not hinders, innovation and investment
- Tie the rising costs of regulation that are recovered by government from industry to improving regulatory service delivery
- Invest more in digitising regulatory services
- Remove retail trading restrictions for a thriving retail sector
Position WA as an attractive place to invest
- Continue to build our international trade and investment presence
- Consolidate and coordinate campaign efforts that promote WA as a desirable place to invest, live, host conferences, study, and holiday
- Expand efforts to support SMEs to decarbonise and diversify their markets
Ensure policies support emerging businesses and industries
- Back in the State’s new Innovation Strategy with funding
- Establish an overarching Industry 4.0 strategy
- Supercharge innovation by creating a world-leading framework around IP ownership and benefit-sharing
Advocating for change
Our objective is to make WA the best place to live and do business, and we have a track record of championing policy that works towards achieving this.
Climate Change Community
Climate change is one of the most significant global policy challenges of our time, but it also presents immense opportunity for WA businesses to be leaders in innovating to decarbonise.