Australia’s big structural challenges

Sustainable growth that underpins Australia’s asset classes will require a reinvigorated economic reform process.

During the past few years Australia has had a tough time in achieving economic reform. The first attempt in a decade at serious tax reform got bogged down with debate around the poorly designed Resource Super Profit Tax in 2010, leading to the less-than-optimal mining tax. The attempt to put a price on carbon pollution looks like it will soon be terminated, and getting the budget back under control is proving very difficult.

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