Overview

• Albanese said raising the GST would make the tax system more regressive and conflict with his progressive taxation goals.
• He proposed exploring cuts to income tax in place of broadening consumption taxes.
• The government pledged to streamline regulations to spur private sector investment while preserving industrial relations protections.
• Manufacturing competitiveness will hinge on adopting advanced technologies, lowering transport costs and expanding access to cheaper, cleaner energy.
• A national productivity roundtable in August will bring together business, union and civil society leaders to refine detailed economic reform proposals.