Business Council of Australia

Businesses are sure to welcome the Reserve Bank of Australia (RBA) having slashed interest rates to a record low of 0.5 per cent, however, the Australian Industry Group (Ai Group) and Business Council of Australia are calling for this to be supplemented by other measures. “Businesses will welcome (the) interest rate cut, which may make … Continue reading Industry calls for RBA rates cuts to be reinforced by action →

Manufacturers have joined global efforts to support bushfire relief across Australia. Explosives company Orica was the latest of a number of businesses to announce significant donations to rural firefighters and other charities helping communities recover from the Australian bushfire crisis. On January 8, the company announced that it would donate $1 million to the Victorian … Continue reading Manufacturers support bushfire relief →

Federal parliament needs to work with the government to pursue measures that will boost innovation and make industry more competitive in to counter strong economic headwinds, according Business Council chief executive Jennifer Westacott. Westacott said that “all stops” must be put out to accelerate Australia’s rate of growth and build a more resilient and innovative … Continue reading Business Council calls for measures to sure up economic growth →

Business groups, including the Australian Chamber of Commerce and Industry and the Business Council of Australia have welcomed the government’s commitment to fast-track tax cuts for businesses with a turnover up to $50 million. At present, the tax rate for companies with annual turnovers capped at $50 million has been lowered from 30 per cent to 27.5 … Continue reading Businesses welcome government plan to fast-track tax cuts →

Prime Minister Malcolm Turnbull’s decision to dump emission reduction targets from the National Energy Guarantee (NEG) has been criticised by the business groups, saying the move can destroy any sense of policy certainty. The Business Council of Australia (BCA) and the Australian Industry Group both issued statements following the announcement on Monday, arguing that the decision could hamper long-term … Continue reading Business groups voice concern over NEG decision →