Already a subscriber?Australia needs a comprehensive strategic reset on foreign investment, the big business lobby has told the Albanese government, amid warnings the country’s growth and competitiveness are slipping against similar economies overseas.
is expected to call for a renewed focus on foreign investment and competitiveness at The Australian Financial Review Business Summit, which kicks off on Monday in Sydney.A review of FIRB took place in 2021, but a broader look at foreign investment settings and their contribution to the Australian economy has not been considered for decades.
His report called for a new business investment strategy, and proposed targets for five sectors of growth, including in green industries, advanced manufacturing, digital innovation, creative industries and life sciences.