Strengthening Australian industry

The Government is working to build flexible, innovative, highly skilled Australian businesses - essential to improving productivity and building a resilient and diverse economy.

Helping firms take advantage of new opportunities

In addition to the business tax reforms, we are also providing support to our businesses to help them become more competitive and productive.

The Buy Australian at Home and Abroad program is linking suppliers with major resources projects. For example, the program has helped Australian-based mining suppliers identify over $45 million worth of business opportunities in Latin America.

Through the Prime Minister's Taskforce on Manufacturing, the Government is developing a roadmap for manufacturing in Australia over the next decade. This will include a strong focus on improving management and

workforce skills to help manufacturing move up the value chain.

To enable manufacturers to compete globally, the Government is introducing the $30 million Manufacturing Technology Innovation Centre. The new Centre will encourage businesses and researchers to work together to improve business performance and realise new market opportunities.

The Government is supporting business transformation, energy efficiency, and research and development in low pollution technologies through the Clean Technology Program and the Clean Energy Finance Corporation.

The extension of Enterprise Connect business support services to tourism will help operators to identify new growth markets.

Accelerated assistance under the Steel Transformation Plan will help Australian steel manufacturers become more competitive and sustainable.

Giving Australian companies access to infrastructure projects

From 1 July 2012, Australian Industry Participation (AIP) Plan requirements will apply to all projects receiving significant federal funding, including investments made by the CEFC. The Government will also require the publication of AIP Plans.

 

Graph: The chart shows the percentage 
								of innovating and non-innovating business reporting increases in selected 
								performance measures in 2009-10 compared to 2008-09.  
								Innovating businesses are more likely to report increases in these measures

Innovating businesses are more likely to report improved business outcomes (Percentage of businesses reporting increases in shown indicators)