Australians need financial assistance more than ever

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The Australian Investment Council has called on the government to permanently increase JobSeeker and other income support payments to allow recipients to cover their day-to-day needs. The Council has made this request alongside the Business Council of Australia, the Council of Small Business Organisations of Australia, Australian Industry Group and the Australian Small Business and

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Skilled migration from Hong Kong will be critical to bridge Australia’s talent gap

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The government’s announcement today that it will establish a targeted regime aimed at attracting skilled migrants and entrepreneurs from Hong Kong will provide a critical boost to bridging the talent gap in Australia’s fast growth companies, according to the Australian Investment Council. “Australia currently has skills and talent gaps that need to be filled as

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Tax reform highest priority for private capital-backed businesses

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Australia’s $33 billion private capital industry ranks tax reform as the number one priority to reignite Australia’s economy in the months and years ahead, according to a new report released by the Australian Investment Council. The Council conducted a comprehensive member survey in May 2020 to acquire insights into the impact of the COVID-19 pandemic

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Planning should start now for an economic and social policy summit in mid-2020

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The size of the economic and social challenges that lie ahead should form the basis for a broad-ranging policy summit to develop the nation’s roadmap to recovery, the Australian Investment Council said yesterday. “As the impact of COVID-19 on all Australian businesses and all Australian workers has been significant and unlike anything we have ever

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Australian private capital assets grow to $68 billion

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The Australian private capital industry reached a record $68 billion in assets under management (AUM) at June 2019, up from $60 billion the previous year, according to the Preqin & Australian Investment Council Yearbook 2020. Significantly, Australia stands out as an appealing investment destination, with the private capital market continuing to display one of the most

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Fiscal ‘shot-in-the arm’ critically important to protecting against major downside economic risks

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“The Federal Government’s economic stimulus plan outlined today will play a critically important role in dampening the most significant downside risks confronting the Australian economy right now,” according to Yasser El-Ansary, Chief Executive of the Australian Investment Council. “Delivering an immediate cash payment to social security recipients to help lift consumer spending straight away is

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Abandon R&D investment restrictions, lift Newstart allowance, and create opportunities from the challenges ahead of us

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The Federal Government should immediately move to abandon plans to tighten access to Australia’s world-class research and development investment program, boost consumer spending through an increase in the rate of Newstart and other related allowances, and put in place an active strategy to attract investment from offshore amidst the global economic challenges ahead of us,

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Dry powder levels at record high

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Private capital investors in Australia have a combined US$14.8bn of dry powder to deploy in the next two to three years, according to a new report by EY and the Australian Investment Council. The report − Will the rise of private capital tip the balance of investment power? – shows the growth in allocated capital for private markets in

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