Canberra hearing for inquiry into impediments to business investment

THE HOUSE of Representatives Standing Committee on Economics will hold a public hearing in Canberra for its inquiry into impediments to business investment in Australia.

The Chair of the committee, Sarah Henderson MP, said, "The committee is examining how government at all levels can encourage more businesses to invest in Australia."

"At the recent hearings in Sydney and Melbourne, the committee heard that the combination of multiple layers of regulation and high corporate tax rates makes it difficult for Australian companies to compete in the global marketplace. Similarly, these factors can deter foreign investment in Australia. As a net importer of capital, Australia needs to be more competitive."

Ms Henderson said the committee looks forward to hearing from a range of stakeholders and interested parties in Canberra to gain a deeper understanding of impediments to business investment.

Public hearing details: Tuesday, 7 August 2018, Committee Room 2R1, Parliament House, Canberra

9.15am: Australian Small Business and Family Enterprise Ombudsman

10am: Department of Industry, Innovation and Science 

10.45am: Department of Foreign Affairs and Trade and Australian Trade and Investment Commission

11.30am: Break

11.45am: Clean Energy Council (via teleconference) 

12.30pm: Master Builders Australia

1pm: Lunch break

1.30pm: Red Meat Advisory Council

2pm: Australian Trucking Association

2.30pm: Finish

The hearing will be broadcast live at www.aph.gov.au/live

ends