The federal government is seeking submissions from stakeholders on a prospective gas reservation scheme.
Much of the focus of Opposition Leader Anthony Albanese’s budget reply speech was around Labor’s proposal to expand childcare subsidies – a policy with some flaws but which moves in the right direction.
Brent Balinski gathers some reactions to last week’s industry policy announcement, and to the notion of picking winners.
As mentioned in an earlier wrap-up of responses to the federal Coalition’s Modern Manufacturing Strategy, the amount allocated — $1.5 billion — has been described as too small, especially given the monumental challenge it addresses.
The Australian Industry Group’s Performance of Manufacturing Index has shown the sector record a second consecutive month of contraction, with lockdown-affected Victoria contributing to the negative result.
Federal government to invest $211 million in fuel security to protect against risk and price pressures
The government is seeking to have the $200 million grants for new storage matched by state governments or industry. Its focus will be on projects in strategic regional locations, connected to refineries and with connections to existing fuel infrastructure.
The current economic crisis in the wake of the COVID-19 pandemic, has exposed the decay in Australia’s manufacturing capability and highlighted the need for increased investment in innovation.
Anthony Pratt, the executive chairman of packaging company Visy Industries, has said he believes manufacturing is coming back into style in Australia after demonstrating its importance during the pandemic.
Two straight months of growth for manufacturing came to an end in August, according to the Australian Industry Group’s Performance of Manufacturing Index, with the Melbourne lockdown contributing to the negative result.
Australia should look towards the US to help address its innovation woes rather than just focusing on internal developments, a new United States Studies Centre (USSC) report urges.