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Prime Minister of Australia

The Hon Tony Abbott MP


19 October 2014

18 October 2014

  • The Commonwealth Government will re-establish the Prime Minister’s Community Business Partnership to bring together government, community and business leaders to develop practical strategies to foster a culture of philanthropic giving and volunteering in Australia.

17 October 2014

  • The Commonwealth Government has announced $538.8 million to help Australian health and medical researchers find the cures, treatments and medical devices of the future. The funding will support 773 National Health and Medical Research Council grants, which will help ensure Australia remains a world leader in medical research.

14 October 2014

  • The Government will reform the tax treatment of Employee Share Schemes to bolster entrepreneurship in Australia and support innovative start-up companies. Employee Share Schemes give employees a financial share of the company’s potential success. As such, they help start-up companies to attract and retain high-quality staff.

  • The Industry Innovation and Competitiveness Agenda is a central part of the Government’s Economic Action Strategy to build a strong, prosperous economy for a safe, secure Australia. The Government is acting to strengthen the Australian economy. We’ve already scrapped the carbon and mining taxes; cut over 10,000 pieces of unnecessary legislation and regulations; commenced the largest infrastructure construction programme in Australian history and signed free trade agreements with Japan and Korea.

  • As part of the Industry Innovation and Competitiveness Agenda, the Government will examine opportunities for greater acceptance of international standards and risk assessments. This is an important part of the Government’s plan to cut red tape and foster a lower cost, business friendly environment with less regulation.

  • The Australian Government will invest $12 million to improve the focus on science, technology, engineering and mathematics (STEM) subjects in primary and secondary schools across the country.

  • The Australian Government will invest $188.5 million in Industry Growth Centres to pursue global excellence in areas of competitive strength. These centres will provide the infrastructure needed to drive growth and jobs creation in five key sectors of the Australian economy:

  • The Government will reform the 457 visa programme for skilled migrants, while maintaining strong safeguards against abuse.


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