Industry-Innovation-and-Competitiveness-Agenda
Industry-Innovation-and-Competitiveness-Agenda
Industry-Innovation-and-Competitiveness-Agenda
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<strong>Industry</strong> <strong>Innovation</strong> <strong>and</strong> <strong>Competitiveness</strong> <strong>Agenda</strong><br />
TPO00007<br />
• The Government will encourage State <strong>and</strong> Territory governments to remove those<br />
remaining barriers that restrict foreign investors in professional services from forming<br />
certain types of legal entities.<br />
• The Government will continue to examine the existing coastal shipping regulations, which<br />
have raised coastal shipping costs <strong>and</strong> reduced the competitiveness of shipping-dependent<br />
industries without a real boost to Australian shipping.<br />
• The Government, through the Energy White Paper, will help to make the energy sector <strong>and</strong><br />
energy prices more competitive through a renewed focus on privatisation, deregulation<br />
<strong>and</strong> responding to potential near-term East Coast gas shortages.<br />
• The Government will respond to the recommendations in the Competition Policy Review’s<br />
final report, to increase competition <strong>and</strong> thereby drive innovation <strong>and</strong> productivity. The<br />
Review has been asked to fully consider competition policies, laws <strong>and</strong> institutions.<br />
• The Government will better balance financial system efficiency with stability <strong>and</strong> consumer<br />
protection, in light of recommendations from the Financial System Inquiry.<br />
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<strong>Industry</strong> <strong>Innovation</strong> <strong>and</strong> <strong>Competitiveness</strong> <strong>Agenda</strong>
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