Business welcomes new Albanese ministry

The Albanese Government’s ministry reflects a strong mix of experience and fresh talent for the Australian business community.

“ACCI welcomes the new federal ministry and stands ready to work with Prime Minister Albanese and his team to build on the strengths of the Australian economy, create new jobs and empower business to grow,” ACCI chief executive Andrew McKellar said.

“The chamber network will continue its #BackAustralianBusiness campaign – focusing on skills, labour force participation, and small business – so that the challenges facing business remain front of mind to the Government and to the Parliament.

Mr McKellar congratulated the new ministers with responsibilities fundamental to Australian business.

“Labor’s economic team, led by Treasurer Dr Jim Chalmers and Finance Minister Katy Gallagher, will be critical to reversing anaemic productivity and wages growth.  Business is ready to support an ambitious agenda that will deliver a more innovative, dynamic and resilient economy.

“Amid the worst labour and skill shortages in almost 50 years, Skills and Training Minister Brendan O’Connor and Education Minister Jason Clare have a once-in-a-generation opportunity to introduce landmark policy reform to help businesses access the skills and labour they need to innovate, compete and grow.

“ACCI is keen to support the efforts of Employment and Workplace Relations Minister Tony Burke.  As Australia’s largest business organisation, the Chamber will seek to be an active participant in Labor’s proposed employment summit. This will be an important opportunity to reform our ailing enterprise bargaining system.

“Minister for Foreign Affairs Penny Wong and Minister for Trade Don Farrell have crucial responsibilities in driving diversification of markets for Australian business, developing resilient supply chains and opposing protectionist policies internationally. ACCI stands ready to work with the Ministers in promoting global opportunities for Australian business.

“We also congratulate Senator Farrell on his further appointment as Minister for Tourism. He will be tasked with the continued rebuild of Australia’s tourism industry in the wake of the pandemic.   Prior to COVID-19, our tourism sector contributed $45 billion in export income each year, supporting more than 300,000 businesses and the 700,000 workers they employ.

“Small businesses are the lifeblood of our communities, employing millions of Australians. With worsening material and labour shortages forcing small businesses to raise prices or absorb higher costs, we look forward to working with the Minister for Small Business, Julie Collins, to address these challenges.

“Business welcomes the appointment of Chris Bowen as Minister for Climate Change and Energy.  The Government’s Powering Australia plan must be implemented as soon as possible to stimulate greater investment in renewable capacity, modernise energy infrastructure and reduce emissions.

“Minister for Industry and Science, Ed Husic, will be tasked with empowering businesses to grow and modernise, creating new jobs and export opportunities.  Building capacity in our manufacturing sector should be centred on Australian ideas and innovation, rather than allowing them to leave our shores.

“Australia’s prosperity, global competitiveness and quality of life is dependent on modern infrastructure. As the new Minister for Infrastructure, Transport and Regional Development, Catherine King must pursue an ambitious infrastructure agenda that will grow the economy, profits and jobs.

“We welcome the appointment of Linda Burney as Minister for Indigenous Australians. Australian businesses are making strong inroads in addressing Indigenous reconciliation and creating employment opportunities for Indigenous Australians.  ACCI will continue to work closely with government to foster a thriving Indigenous business sector.

“The task ahead for the federal government is undoubtedly a challenging one.  Business will work tirelessly to advance the priorities of business and negotiate in good faith to reach outcomes for the benefit of all Australians.