Business
The Business pillar focuses on providing a competitive and supportive operating environment to allow Victorian businesses to not only thrive, but to be ahead of the curve. Victoria is most successful when our economy is thriving and to have a healthy economy it is essential that business is doing well.
Victoria should be the best place to operate a business in Australia. This requires an efficient and frequently reviewed regulatory environment that does not place unnecessary or additional burden on business. It must be supported by a tax system that is fit-for-purpose and encourages and facilitates business growth, innovation and entrepreneurship. In addition, there needs to be a fair and responsive industrial relations system that provides appropriate protection for employees and employers. This will lead to the right conditions that will attract investment into Victoria and encourage Victorian based businesses to expand.
The right support to encourage growth in established and emerging industries is essential for business. Governments should identify the industries that it wants to target so that there is certainty for business. The focus should be on both the service and manufacturing sectors with forward looking policies identifying the next growth opportunities and providing appropriate support for businesses to either transition to these next growth opportunities or improve their growth trajectory.
Appropriate taxation, regulation, funding and partnerships will create an environment where all organisations, regardless of size or sector, can fulfill their potential and maximise their economic, employment and social contribution to the State.