The new federal government must put the economy at the top of its ‘to
do’ list for the first 100 days in office, according to a new paper
released today by the Institute of Chartered Accountants Australia.
The first 100 days: priorities for a stronger economy outlines how the new government can set itself up in
the short term for success in the long term.
Chief Executive Officer Lee White said the priorities outlined in the paper were designed to lift business and consumer confidence and put our economy on a more sustainable path.
“Our economy is at a crossroads. The new government needs to give priority to policies that boost productivity and help make us more competitive on the global stage.
“We understand the government is facing a barrage of other competing priorities, but if you get the economy right, success in other policy areas will be more achievable,” he said.
Mr White said that the likelihood of economic success would be increased if the government takes the time to set up robust policy-making processes from the outset.
“Setting up good processes isn’t glamorous. It won’t deliver an overnight win but it’s important work and if they get it right it will pay huge dividends throughout their time in office.
“Central to this is having key stakeholders around the policy making table. Not as an afterthought but from the beginning. This will ensure new proposals deliver the outcomes sought and don’t take businesses by surprise,” he said.
Mr White said the government also needed to be held to account.
“We intend to watch keenly as they set about the business of government, just like any shareholder would in the business world. Everyone in the community is a shareholder in the government, and the success of its work,” he said.
“We are not looking for a long list of accomplishments at the end of the first 100 days. Quite the reverse. We want the new government to set out its agenda, engage in consultation and work through a structured deliberative process of decision making before embarking on reforms.
“A steady hand is what Australia needs,” Mr White said.
The first 100 days: priorities for a stronger economy is part of the Institute’s future[inc] series, a two-year program of work that explores the major public and economic policy challenges confronting the nation over the coming years and decades. As part of this initiative, the Institute has consulted widely within the business community to identify what business leaders believe are the priorities for developing a sustainable economy and a more prosperous future for our nation.
The first 100 days: priorities for a stronger economy outlines how the new government can set itself up in
the short term for success in the long term.
Chief Executive Officer Lee White said the priorities outlined in the paper were designed to lift business and consumer confidence and put our economy on a more sustainable path.
“Our economy is at a crossroads. The new government needs to give priority to policies that boost productivity and help make us more competitive on the global stage.
“We understand the government is facing a barrage of other competing priorities, but if you get the economy right, success in other policy areas will be more achievable,” he said.
Mr White said that the likelihood of economic success would be increased if the government takes the time to set up robust policy-making processes from the outset.
“Setting up good processes isn’t glamorous. It won’t deliver an overnight win but it’s important work and if they get it right it will pay huge dividends throughout their time in office.
“Central to this is having key stakeholders around the policy making table. Not as an afterthought but from the beginning. This will ensure new proposals deliver the outcomes sought and don’t take businesses by surprise,” he said.
Mr White said the government also needed to be held to account.
“We intend to watch keenly as they set about the business of government, just like any shareholder would in the business world. Everyone in the community is a shareholder in the government, and the success of its work,” he said.
“We are not looking for a long list of accomplishments at the end of the first 100 days. Quite the reverse. We want the new government to set out its agenda, engage in consultation and work through a structured deliberative process of decision making before embarking on reforms.
“A steady hand is what Australia needs,” Mr White said.
The first 100 days: priorities for a stronger economy is part of the Institute’s future[inc] series, a two-year program of work that explores the major public and economic policy challenges confronting the nation over the coming years and decades. As part of this initiative, the Institute has consulted widely within the business community to identify what business leaders believe are the priorities for developing a sustainable economy and a more prosperous future for our nation.
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