Overview

• The Commission’s first interim findings highlight that productivity has grown at just 0.4% per year since 2015 and warn that past policy choices have left households tens of thousands of dollars worse off.
• It calls for overhauling corporate tax settings to boost business investment and generate higher economic returns.
• The report recommends cutting red tape and speeding up housing and renewable energy approvals to remove barriers to infrastructure projects.
• It urges expanded skills development and safe integration of artificial intelligence to increase output per worker.
• Business associations have submitted priority reform proposals ahead of Treasurer Jim Chalmers’ national roundtable, where five interim reports will shape a coordinated reform agenda.