Overview

• In a June 17 speech Chalmers said Australia’s budget, productivity and resilience each need further strengthening to withstand heightened global volatility.
• He pledged that all tax options will be considered at the three-day productivity roundtable starting August 19, urging participants to propose ideas freely without non-disclosure agreements.
• The reform summit will focus on productivity, budget sustainability and economic resilience, with sessions covering deregulation, project approvals and tax policy.
• Opposition finance spokesman James Paterson expressed support for efficiency-driven tax changes but warned against any net increase in tax burdens on Australians.
• Economic experts, including CPA Australia’s Elinor Kasapidis, have urged broadening the GST base and potentially raising its rate to diversify revenue and spur growth.