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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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Finance News

Surge in Business Loan Applications Amid ATO Debt Rule Changes
Surge in Business Loan Applications Amid ATO Debt Rule Changes
09 Oct 2025: Paige Estritori
Small and medium-sized enterprises (SMEs) across Australia are experiencing a significant shift in financial strategy due to impending changes in tax debt regulations by the Australian Taxation Office (ATO). Effective from July 1, general interest charges (GIC) and shortfall interest charges (SIC) on tax debts will no longer be tax-deductible. With the GIC rate currently at 11. - read more
RBA Advises Caution on Borrowing as Interest Rates Set to Fall
RBA Advises Caution on Borrowing as Interest Rates Set to Fall
09 Oct 2025: Paige Estritori
The Reserve Bank of Australia (RBA) has issued a cautionary statement to households, advising against excessive borrowing in anticipation of potential interest rate reductions. This warning aims to prevent the emergence of a boom-and-bust cycle that could destabilize the financial system. - read more
Lendela and Revive Financial Join Forces to Address Australia's Growing Debt Challenges
Lendela and Revive Financial Join Forces to Address Australia's Growing Debt Challenges
09 Oct 2025: Paige Estritori
In response to the escalating debt crisis in Australia, Lendela, a leading loan matching platform, has announced a strategic partnership with Revive Financial, the nation's largest debt relief and management firm. This collaboration aims to empower Australians facing financial distress by offering tailored debt solutions designed to restore financial stability. - read more


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