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Australian Business Leaders Call for Reforms to Boost Economic Recovery

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AUSTRALIA,ECONOMIC RECOVERY,BHP

Leaders from BHP and Wesfarmers express willingness to support a private sector-led recovery but highlight the need for reforming industrial relations laws and the tax system to overcome current constraints.

The leaders of two of Australia’s biggest companies, BHP and Wesfarmers, say they want to heed the Treasurer’s call to kickstart a private sector-led economic recovery but are being held back by onerous IR laws and an uncompetitive tax system.

After figures released on Wednesday showed annual gross domestic product growth unexpectedly slumped to 0.8 per cent in September, Treasurer Jim Chalmers admitted theis the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS.is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech.

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