More than half of Australian senior executives at multinational companies say investment conditions have deteriorated over the past five years under the Albanese government, adding to pressure on Labor to streamline costly regulations and reduce the burgeoning level of red tape.
The chief executives said the Albanese government needed to reduce the massive delays in the approval of skilled worker visas and speed up the slow approval times for foreign investment. They also called for state governments to reduce inconsistent regulations across borders.
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Luke Kinsella is a journalist based in The Australian Financial Review’s Sydney office. He was previously a policy analyst at Treasury. Email Luke at luke.kinsella@nine.com.au
