SHARE

Share this news item!

Business Leaders Urge Skilled Migration Reforms to Revitalise Economy

Exploring CEO Recommendations for Enhancing Australia's Economic Competitiveness

Business Leaders Urge Skilled Migration Reforms to Revitalise Economy?w=400
In a concerted effort to address Australia's declining productivity and bolster economic growth, leading chief executives have called for significant reforms to the nation's skilled migration program and a reduction in bureaucratic red tape.
This collective stance emerged from the Australian Financial Review's annual Chanticleer CEO Poll, reflecting a growing consensus among business leaders on the need for proactive measures.

The CEOs emphasised that an overhauled skilled migration program is essential to attract and retain talent necessary for driving innovation and competitiveness. They also highlighted the importance of investing in training the next generation of the workforce to equip them with skills aligned with evolving industry demands.

Additionally, the business leaders pointed out that reducing regulatory burdens would enable companies to operate more efficiently, fostering a more dynamic and responsive economic environment. They expressed concerns that without these reforms, Australia risks falling behind in the global economic landscape.

For policymakers, these recommendations underscore the urgency of implementing strategies that enhance workforce capabilities and streamline regulatory processes. For businesses and consumers alike, such reforms could lead to a more robust economy, characterised by increased job opportunities, innovation, and sustainable growth.

Published:Monday, 13th Oct 2025
Source: Paige Estritori

Share this news item:

Finance News

Reserve Bank Signals Potential Interest Rate Cut Amid Rising Unemployment
Reserve Bank Signals Potential Interest Rate Cut Amid Rising Unemployment
20 Oct 2025: Paige Estritori
As Australia grapples with a surprise leap in unemployment figures, the Reserve Bank of Australia (RBA) is hinting at a possible interest rate reduction. The unemployment rate rose to 4.5% in September, a four-year high that caught many economists off guard. This development has sparked anticipation of a rate cut, prompting movements in the local share market, which recently recorded unprecedented highs. - read more
ATA's $5 Billion Road Upgrade Plan Aims to Reduce Living Costs
ATA's $5 Billion Road Upgrade Plan Aims to Reduce Living Costs
20 Oct 2025: Paige Estritori
The Australian Trucking Association (ATA) has unveiled a comprehensive plan to alleviate the financial burden on Australian households by proposing a $5 billion investment in targeted road upgrades over the next decade. This initiative is designed to support the adoption of high-productivity and low-emission trucks, thereby enhancing the efficiency of the transport sector and contributing to a reduction in the cost of living. - read more