Last thing Australia needs ‘is another car industry’, says MCA boss

News Snapshot:

Instead, Ms Constable said Mr Albanese should focus on “supply-side issues”, such as easing the regulatory burden on investment and industrial relations; “halving” environmental approval times; ensuring “competitive taxation” at both Commonwealth and state levels, and; “making sure climate and energy policies are brought together, so they don’t increase costs on business and consumers”. Rather than adopt an isolationist approach to the growing global wave of industry support – a trend Mr Albanese is seeking to categorise as the “new competition”, rather than old-school protectionism – Australia must work with other nations and markets, Ms Constable said. “We need to...