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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

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Equity:
The amount of (or that portion of) an asset actually owned. Equity is the difference between the market value and the current amount of money still owing on the loan. This is also referred to as the owner’s interest.