Election outcome a ‘worry’ for business


The prospect of a hung parliament and a Senate where a minor party holds the balance of power in its own right, is a worrying outcome for business, says Australian Industry Group Chief Executive Heather Ridout.

“It will potentially lead to instability, uncertainty and short-termism in policy development, all of which poses risks and challenges for the economy, Ms Ridout says. 

"Should they need to be called upon, we would urge the independents to commit above all to supporting stable government and we are encouraged by their early reassurances to this effect.

"Beyond that, business and industry is looking for a government committed to dealing with the hard issues and dealing with them competently.”

It is vital for Australian business to have a Government that takes “a positive and long term approach” to lifting productivity and securing long-term prosperity.

"Australia is one of the few developed countries in the world, which, while facing challenges, also has a range of positive choices and growth opportunities available to it, says Ms Ridout. 

“Our essentially sound fiscal position, strong terms of trade and proximity to Asia, the emerging centre of world economic growth, means that we can approach the future with confidence.

"Ai Group will work constructively with whatever government is formed."

Related news & editorials

  1. 16.08.2021
    by      In
    Made a program change you wish you hadn't? Lose the only copy of the device program? Not sure if the program running is the right one?
    Control Logic’s ‘Vault’, powered by MDT AutoSave Change Management software, is a plug-and-play system to help reduce errors and downtime, increase productivity,... Read More
  2. tank
    by      In , In
    A collaborative partnership between Lockheed Martin, Australian manufacturer Omni Tanker and the University of New South Wales (UNSW) will look to develop and commercialise world-first composite tank technologies, thanks to a grant from the Federal Government’s Advanced Manufacturing Growth Centre... Read More
  3. 3D printer
    by      In , In
    Obsolescence is an unavoidable part of any manufacturing environment. However, it’s concerning that nearly 70% of companies admit they do not know when vital equipment requires replacing, or when they do, they scramble to find replacements. Here, Claudia Jarrett, country manager at automation parts... Read More
  4. circuit breaker
    by      In , In
    Distributor Control Logic has announced the availability of the PULS PISA-B electronic protection module.
    The all-new PISA-B generation is one of the most compact protection module solutions on the market, with eight completely separated, individually adjustable channels to ensure reliable... Read More