Businesses want certainty from Government
Posted : Tuesday, October 11, 2011
CEDA Chief Executive, The Hon Stephen Martin, has highlighted
key economic concerns raised with CEDA by business and the need for
an open dialogue between business and both sides of government on
economic policies and Australia's future, during an interview with
Peter Switzer on Sky News.
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Professor Martin said both sides of government could look at better
communicating with business about their policies, goals and
"What businesses are telling CEDA is that they want a little bit of
certainty into the future about the sorts of economic policies that
are going to guide our future," he said.
"Business of course is worried about corporate tax rates; they
would like to see it reduced to 25 per cent.
"Obviously there are concerns around the multi speed economy and
what that means in terms of job generation...our engagement with
Asia, and reliance upon China and India into the future. Is there a
plan b if we see resources prices coming of? Is there a plan b if
we see China's demands start to abate?
"These are the sorts of things... the business community would like
to hear some information about."
He said that the Tax Summit and the Jobs Summit, which communicated
and connected with the community, union representatives and
businesses, was a step forward for the government.
Professor Martin also detailed CEDA's current research and upcoming
papers, covering water, population and energy, including nuclear
energy, which are aimed at stimulating debate and policy.
To see the full segment click here.