Today’s State Government announcement of a 42 per cent increase in WorkCover premiums to 1.8 per cent makes our scheme the most expensive in the country and is yet another increase to the cost of doing business in Victoria.

As business awaits next week’s State Budget, the latest feedback from our members is that regained confidence post-pandemic has waned in the face of tough economic conditions.

The Victorian Chamber’s third Business Voice trend survey has revealed a drop in confidence concerning business’ revenue growth with almost one-third of businesses responding that they are less likely to recruit new staff, compared to one in four just six months ago.

Victorian businesses are bracing themselves for lower revenue growth and slowing staff recruitment in the coming months as the cost-of-living crisis hits, the latest Victorian Chamber of Commerce and Industry survey reveals.

Solar power is now more accessible for small and medium businesses through measures announced in the 2023/24 Federal Budget combined with Victorian incentives.

The Victorian Chamber of Commerce and Industry is delighted to have been named as one of four finalists in the 13th World Chambers Congress (WCC) 2023 Competition in the Best Gender Equity Project category for our Chamber Change program.

We have one hot off the press today! We are incredibly proud to announce that the Victorian Chamber of Commerce and Industry has been named as one of four finalists in the 13th World Chambers Congress (WCC) 2023 Competition in the Best Gender Equity Project category for our Chamber Change (Women in Business) program.

The Victorian Chamber welcomes the Federal Government’s 2023-2024 ‘Stronger foundations for a better future’ Budget which delivers a $4.2 billion surplus. The fundamentals of defence, skills and the transition to a net zero economy are clear winners in an otherwise modest budget with few surprises.

Improved careers services and advice is increasingly important in a labour market characterised by skills and labour shortages, skills mismatches and perceptions of vocational education and training (VET).

As we approach the budget season, we are in continuing discussions with the State Government to ensure business remains positioned to provide the growth the State needs. I expect those meetings will continue over the next few weeks as well.

On Tuesday, we reflected on the sacrifice that generations of Australians and New Zealanders have made to protect our way of life. Hundreds of Anzac Day commemorations took place across the State to honour the Anzac spirit; it felt to me as if that spirit was particularly prominent this year, perhaps it was heightened among Victorians because of the war in Ukraine and global instability.

The Executive Council has called a special general meeting of members to consider and, if thought fit, approve the Victorian Chamber of Commerce and Industry's proposed change in entity type from a body corporate established under the Fair Work (Registered Organisations) Act 2009 (Cth) to a company limited by guarantee registered under the Corporations Act 2001 (Cth). The special general meeting will be held on 19 May 2023 at 9:30am at Level 3, 150 Collins Street, Melbourne VIC 3000 and online, using online platform Zoom.

It certainly feels like the year continues to accelerate, and I hope you are doing what you need to ensure your business is in good shape.

I hope you all had a wonderful and safe long weekend. It was certainly great to have a break, and hopefully some of you can enjoy extra time with your children as we enter school holidays.

The shift to a net-zero economy will require a collective effort but is a challenge Victoria can rise to with the right mindset and the right actions, enabling government and industry to work together to reach our emission targets and seize the economic opportunities for Victoria.

We saw Melbourne at its best over the weekend as we played host to a Melbourne-record Formula One crowd of more than 440,000 people at Albert Park.