A Healthy economic structure

Australia has a comprehensive economic policy framework in place. The economic is globally competetive and remains an attractive destination for invesment. Australia has a sound, stable and modern institutional structure that provides certainty to businesses.

There is a strong prudential regulation system along with business-oriented corporate regulation and insolvency regimes. Competition is substantial in key areas such as transport, telecommunication, electricity and gas. Australia has an open economy with a business-friendly tax system and low barriers to trade and investment. The labour marked is flexible and highly skilled, with strong economic growth and moderate wage and price pressures supporting sustained employment growth.

The goods and services tax (GST), Australia broad-based value-added tax, is levied at 10 per cent and applies to almost all goods and services. There is no stamp duty on share transactions, and business taxes include company tax rates of 30 per cent.