Invest
Federation reform to provide ‘job-making agenda’
Prime Minister Scott Morrison has revealed that the Council of Australian Governments is no more, with national federation reform to see the national cabinet work at “creating jobs out of the back of this crisis”.
Federation reform to provide ‘job-making agenda’
Prime Minister Scott Morrison has revealed that the Council of Australian Governments is no more, with national federation reform to see the national cabinet work at “creating jobs out of the back of this crisis”.
The Council of Australian Governments (COAG) system is “no more”, Mr Morrison stated.
“It will be replaced by a completely new system, and that new system is focused on the success that has been yielded by the operation of the national cabinet.”
The national cabinet was originally established on 13 March 2020 to coordinate a national response to the COVID-19 pandemic.
The new system “will be driven by a singular agenda, and that is to create jobs”.
According to the Prime Minister, the reform will see the national cabinet continuing to meet on a fortnightly basis throughout the COVID-19 pandemic, and revert to monthly meetings thereafter.
It comes after Mr Morrison’s announcement earlier this week of a “JobMaker” plan for economic recovery.
More to come.
About the author
About the author
Economy
Australians predict record-low growth
Australians are expecting a lower inflation rate for longer, with a national survey showing the country is predicting a record-low inflation rate. ...Read more
Economy
COVID-19 recession on track for quick recovery
While the current recession is the sharpest since 1930, a new cycle of economic expansion has already begun, according to one economist, who has indicated it could also make this recession the shortes...Read more
Economy
Frydenberg flags tax and JobKeeper reform
Treasurer Josh Frydenberg has opened the door to forwarding $20 billion in tax cuts, while announcing income support will remain to avoid the September cliff. ...Read more
Economy
What’s wrong with GST?
Australia’s tax system was ill-equipped to support a growing economy even before the COVID-19 crisis hit, which is why Australia’s GST system is in need of a complete overhaul, a consultancy firm ...Read more
Economy
Recession tops the list as biggest financial worry
A local or global recession is the greatest financial concern for Australians at the moment, followed closely by paying bills and managing debts, according to a recent survey. ...Read more
Economy
Rates unchanged but uncertain economic recovery remains
The RBA has held the official cash rate at 0.25 per cent but warns of an uncertain future, with unemployment and consumer spending remaining a major stumbling block for Australia’s economic recovery...Read more
Economy
Should government policy target youth unemployment?
Younger Australians have been disproportionately impacted by COVID-19, which leads to poorer financial and social outcomes, according to a financial specialist. ...Read more
Economy
Will markets continue to rally in 2020?
Markets are widely tipped to continue to be volatile in the second half of the calendar year, following a sell-off in March and a recovery in the second quarter, according to three experts. ...Read more
Economy
Australians predict record-low growth
Australians are expecting a lower inflation rate for longer, with a national survey showing the country is predicting a record-low inflation rate. ...Read more
Economy
COVID-19 recession on track for quick recovery
While the current recession is the sharpest since 1930, a new cycle of economic expansion has already begun, according to one economist, who has indicated it could also make this recession the shortes...Read more
Economy
Frydenberg flags tax and JobKeeper reform
Treasurer Josh Frydenberg has opened the door to forwarding $20 billion in tax cuts, while announcing income support will remain to avoid the September cliff. ...Read more
Economy
What’s wrong with GST?
Australia’s tax system was ill-equipped to support a growing economy even before the COVID-19 crisis hit, which is why Australia’s GST system is in need of a complete overhaul, a consultancy firm ...Read more
Economy
Recession tops the list as biggest financial worry
A local or global recession is the greatest financial concern for Australians at the moment, followed closely by paying bills and managing debts, according to a recent survey. ...Read more
Economy
Rates unchanged but uncertain economic recovery remains
The RBA has held the official cash rate at 0.25 per cent but warns of an uncertain future, with unemployment and consumer spending remaining a major stumbling block for Australia’s economic recovery...Read more
Economy
Should government policy target youth unemployment?
Younger Australians have been disproportionately impacted by COVID-19, which leads to poorer financial and social outcomes, according to a financial specialist. ...Read more
Economy
Will markets continue to rally in 2020?
Markets are widely tipped to continue to be volatile in the second half of the calendar year, following a sell-off in March and a recovery in the second quarter, according to three experts. ...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.