2020-21 Pre-Budget Submission | July 2020

In the wake of the COVID-19 pandemic, Australia is facing its biggest economic challenge in almost a century. The economy has been severely disrupted by the COVID-19 health restrictions, which have driven Australia into recession for the first time in almost 30 years.

We are in the process of restarting the economy, however, we also need to set the course for its repair and recovery. To ensure Australians have the future living standards to which they aspire, the economy will need policies that create the conditions for sustainable, strong, job creating growth. Achieving this will require reforms that are comprehensive, complex and longer-term.

In the meantime, the Australian Chamber of Commerce and Industry offers the policy recommendations in this submission as a starting point for initiatives that can be implemented this financial year that would enable a more productive and competitive operating environment for business as the economy recovers from the COVID-19 crisis.