Industry-Innovation-and-Competitiveness-Agenda

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Co In Industry Innovation and Competitiveness Agenda TPO00007 • Recalibrated the National Broadband Network to use the most cost effective technology to allow a faster and more affordable rollout. • Established a ministerial working group to identify priorities for fast-tracking investment in water infrastructure. Actions to come: • The Government will consider scope for privatising mature Commonwealth assets and the further use of capital recycling. Improving economic infrastructure project selection, funding, financing and delivery Actions already taken: • Established new governance arrangements for Infrastructure Australia to provide greater accountability and clarity of roles and responsibilities. • Tasked Infrastructure Australia to undertake 5-yearly evidence-based audits of Australia’s infrastructure asset base, develop a 15-year infrastructure plan and evaluate proposals for nationally significant economic infrastructure. Actions to come: • The Government will use the 15-year infrastructure plan commissioned from Infrastructure Australia to inform future infrastructure investment. • The Government will work with the States and Territories to progress reforms in response to the Productivity Commission’s Inquiry into Public Infrastructure, to realise the more than $1 billion in infrastructure cost savings estimated to be available annually. xviii Industry Innovation and Competitiveness Agenda
Ambition 4: INDUSTRY POLICY THAT FOSTERS INNOVATION AND ENTREPRENEURSHIP The Government is refocusing industry policy to drive innovation and entrepreneurship, rather than create dependence. The Government will no longer borrow to give money to big international corporations or to struggling businesses. Industry policies will be re-targeted to capitalise on Australia’s strengths and accelerate the growth prospects of our high-potential small and medium sized enterprises and most promising sectors. The Government will facilitate winning strategies by businesses that spend their own money and take their own risks. The Government is also acting to better translate Australia’s good ideas into commercial success. Australia performs well on many measures of research excellence but cannot rely on research expertise alone. Our future prosperity depends on our capacity to turn research into commercial outcomes that lift innovation, help successful Australian businesses grow, and boost Australia’s productivity and exports. Actions already taken: • Established the $484 million Entrepreneurs’ Infrastructure Programme and the $476 million Industry Skills Fund to be delivered through a Single Business Service initiative. This will streamline the delivery of business services through www.business.gov.au and a single call centre. • Assisted business to benefit from international growth opportunities by: ‒‒ delivering a ‘Team Australia’ approach to support trade and investment through leadership of trade missions by the Prime Minister and senior Cabinet Ministers to priority markets; ‒‒ returning $200 million in capital to the Export Finance and Insurance Corporation to help small and medium enterprises increase exports; and ‒‒ boosting Export Market Development Grants by $50 million. • Established the $50 million Manufacturing Transition Programme to assist Australian manufacturers to transition to higher value activities and improve competitiveness. • Established the $155 million Growth Fund to help build the jobs of the future in regions affected by the closure of car manufacturing plants. Industry Innovation and Competitiveness Agenda In Co TPO00007 Executive Summary xix
Page 1 and 2: Industry Innovation and Competitive
Page 3 and 4: Industry Innovation and Competitive
Page 5 and 6: Foreword Strengthening Australia’
Page 7 and 8: The Government’s economic vision
Page 9 and 10: Box 1: Key Initiatives • Encourag
Page 11 and 12: Ambition 1: A lower cost, business
Page 13 and 14: y improving regulatory certainty, t
Page 15 and 16: Ambition 2: A MORE SKILLED LABOUR F
Page 17 and 18: ecommendations of an Independent In
Page 19: Ambition 3: BETTER ECONOMIC INFRAST
Page 23 and 24: Part A THE CASE FOR REFORM
Page 25 and 26: Chart 1: The growth of emerging Asi
Page 27 and 28: The changing global economic landsc
Page 29 and 30: Chart 5: Overseas investment 2,500
Page 31 and 32: United States, Japan and the United
Page 33 and 34: Box A1: Industries with promise 1.
Page 35 and 36: 6. Innovative pharmaceuticals, biot
Page 37 and 38: Many of our competitors have recogn
Page 39 and 40: • Better management practices - w
Page 41 and 42: including on Energy, Taxation, Agri
Page 43 and 44: Part B THE REFORM AGENDA
Page 45 and 46: competition with private businesses
Page 47 and 48: More generally, while there is a ca
Page 49 and 50: Ambition 1: A lower cost, business
Page 51 and 52: The Government’s Deregulation Age
Page 53 and 54: Further Proposals Proposal 1: Accep
Page 55 and 56: whether coverage by a single nation
Page 57 and 58: The Government is committed to a be
Page 59 and 60: Improving access to high-quality, l
Page 61 and 62: services and technology. These alig
Page 63 and 64: The Government considers that Austr
Page 65 and 66: The Government is focused on promot
Page 67 and 68: Ambition 2: A more skilled labour f
Page 69 and 70: A number of the other themes raised
Page 71 and 72:
Vocational education and training t
Page 73 and 74:
Further proposals Proposal 9: Incre
Page 75 and 76:
• managing the administration of
Page 77 and 78:
The Government will continue to ens
Page 79 and 80:
• introduce a Premium Investor vi
Page 81 and 82:
a right to access workplaces includ
Page 83 and 84:
Ambition 3: BETTER ECONOMIC INFRAST
Page 85 and 86:
Increasing public investment in eco
Page 87 and 88:
Alongside this work, the Government
Page 89 and 90:
To leverage private investment, the
Page 91 and 92:
Austrade provide reliable informati
Page 93 and 94:
and senior Cabinet Ministers to pri
Page 95 and 96:
• taking practical steps with gov
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However, we face challenges in turn
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Employee Share Schemes (ESS) are us
Page 101 and 102:
Example: Making it easier for emplo
Page 103 and 104:
Proposal 16: Crowd-sourced equity f
Page 105 and 106:
PART C: IMPLEMENTING OUR ECONOMIC A
Page 107 and 108:
Many of the drivers of competitiven
Page 109 and 110:
Table 3: Consultation pathways Refo
Page 111 and 112:
Reform Consultation pathway Project
Page 113 and 114:
Abbreviations AND References
Page 115 and 116:
INSEAD KPMG LNG PAYG NCC NCVER NICN
Page 117 and 118:
ABS. (2014j). Labour Force, Detaile
Page 119 and 120:
Business Council of Australia. (201
Page 121 and 122:
Department of Infrastructure and Re
Page 123 and 124:
Lignier, P., Evans, C., & Tran-Nam,
Page 125 and 126:
Prime, P. B. (2012). Utilizing FDI
Page 127 and 128:
United Nations Food and Agriculture
Page 129 and 130:
© Commonwealth of Australia 2014 9
Page 131 and 132:
Co In Industry Innovation and Compe
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