This research report for the study on the impacts of the Council of Australian Governments (COAG) Reforms: Business Regulation and Vocational Education and Training (VET). The report has three sections detailing an overview, Business Regulation and VET.
Effective economic reform promotes productivity growth and improvements in living standards. The implementation of Australia’s National Competition Policy (NCP) provided important underpinnings to recent economic growth. Many of the reforms initially agreed by the Council of Australian Governments (COAG) are in place. However, an ageing population, global competition and ongoing technological change mean that further reform is needed if Australia is to achieve its potential for higher living standards in the future.