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Victorian Chamber releases Federal Budget Submission

10 October 2022

The Victorian Chamber has identified increasing access to a competitive international skilled labour force, addressing the acute cost of living constraints and building a world class freight terminal as priorities for Victorian business in our Federal Budget 2022-23 submission.

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As Victoria’s peak business and industry body, the Chamber represents the collective voice of more than 65,000 members and clients, advocating for better conditions for Victorian businesses, so that every business – small, medium or large – can start up, grow and thrive in our state.

This submission captures 24 recommendations and priorities under the two themes of activating Victorian businesses and building for our future. They prioritise targeted support for business, improving skills and training, investment in infrastructure and manufacturing and easing the cost of doing business.

These recommendations would help future proof our economy and provide the right conditions for businesses to thrive and help our economy rebuild after the pandemic.

Our funding and policy change recommendations have been tailored to our members’ priorities and validated through roundtable discussions, member surveys and independent focus groups. They include the following:

  • Allow more flexibility in the visa conditions for migrant workers, so they can work in other areas of need when there is a pressing demand
  • Recognise more foreign qualifications, work experience and training of migrant workers, particularly in areas with critical skills shortages
  • Reward international workers who have worked in Australia on employee sponsored and priority migration skilled occupation visas to have direct pathways to permanent residency
  • Change post-study visa duration for international students from between two to four years to a minimum of four years to encourage industry to invest in international talent
  • Fund the Western Interstate Freight Terminal to revitalise industry, create Victorian jobs and cement Victoria’s place as Australia’s principal freight point
  • Provide interim income tax relief to incentivise more Australians to work a second job and keep more businesses operating
  • Negotiate a national approach to payroll taxation to create a consistent, employment-friendly payroll tax threshold
  • Provide a national roadmap on how Australia effectively transitions towards renewable energy to businesses so that they can plan for and commence the transition to clean energy
  • Introduce a subsidy for industries transitioning to clean hydrogen as a primary energy source to kickstart the transition to clean energy.

The Victorian Chamber’s submission builds on the Australian Chamber of Commerce and Industry’s (ACCI) submission. ACCI prosecutes our broader, national policy agenda.

To view a copy of the Victorian Chamber’s 2022-2023 Federal Election Platform, please email media@victorianchamber.com.au.

To be attributed to Victorian Chamber of Commerce and Industry Chief Executive Paul Guerra:

“The Victorian Chamber has a vital role to advocate for what business needs to survive and thrive in a COVID Normal Victoria.

“This will be a critical budget for Victoria as we look to turbocharge our economic recovery. These recommendations are based on direct feedback from business, who have been the heart and soul of our economy and communities throughout the COVID-19 pandemic.

“These recommendations would help to future-proof Victoria, giving our industries the leg-up they need to propel us into pole position across industry, technology, infrastructure, education, tourism and the economy, and leading the other states by example.

“The Western Intermodal Freight Terminal will not only provide greater access to the world for Victorian exporters, but for exporters across Australia, while also allowing for the smoother delivery of imports. It is an essential piece of infrastructure that will drive economic growth.

“This submission provides the opportunity to restore Victoria’s status as an economic powerhouse and Melbourne’s mantle as the world’s most liveable city by enabling business to lead our recovery and growth.”

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