More of the same from McGowan Mark II
Thursday, 4 March, 2021 - 08:00
Ahead of the state election, Mark McGowan spoke to Business News about his track record, future plans and ministerial team.
Aaron Morey is an experienced economist and public policy professional.
Prior to becoming chief economist, director of policy and campaigns, and head of corporate strategy at the Chamber of Commerce & Industry of WA, Mr Morey was the principal economic and commercial advisor to the WA Treasurer Ben Wyatt where he was responsible for red tape reduction, GST, asset sales, major governance reforms, and was instrumental to the delivery of a clear strategy for better managing the State’s finances and reducing debt. He has nearly a decade of experience as a senior economist including a significant period at the Productivity Commission where he led policy development and undertook public inquiries into key issues including workforce regulation, intellectual property and infrastructure.
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Ahead of the state election, Mark McGowan spoke to Business News about his track record, future plans and ministerial team.
Western Australia’s unemployment rate has fallen to an eight year-low of 4.1 per cent while COVID-19 induced lockdowns have fuelled job losses in the eastern states.
High iron ore prices meant the average Western Australian’s purchasing power skyrocketed by 17 per cent in the year to June, although the state is more reliant on mining than ever.
Chamber of Commerce and Industry of WA has condemned “concerning” reports that businesses may be forced to pay tax on grants they received during COVID-19.
WA business sentiment remains higher than pre-pandemic levels and the long-term average, but higher costs and supply chain issues will continue to dominate in 2022, CCIWA reveals.
The opposition has accused the state government of “drip feeding” struggling businesses with ad-hoc financial support after releasing a fifth COVID assistance package.
The state’s jobless rate will stay below 4 per cent until at least 2024, CCIWA predicts.
Alinta Energy believes it can cut small business power costs by up to 12.5 per cent if competition is expanded in the state’s electricity market.
Almost 25 years after rapper The Notorious B.I.G. released hit Mo Money Mo Problems, the song title may serve as a cautionary warning for central bankers.
The last remaining state-owned coal-fired power stations in WA will close by 2030, with the government also announcing a big investment in renewables and energy storage, including pumped hydro.
A familiar trinity of inflation, supply chain disruptions and skilled labour shortages are keeping a lid on WA business growth, with 4 out of 5 organisations struggling to fill vacancies.
Almost a third of Western Australians think inflation won’t ease for at least two years, but they’re still more confident than five years ago.
Resources minister Madeleine King says new projects will need to go above and beyond the letter of the law to navigate the sort of activism that has put Santos’ $4.7 billion Barossa project on ice.
Big employers are adopting innovative approaches to staff recruitment and retention.
While economic pain is on the way for WA businesses, the state’s relative strengths may spare it the worst of a downturn.
Western Australia’s peak business lobby has called for a quick end to debate over imposing higher taxes on mining sector profits after a lift in the petroleum sector's profit tax.
The federal budget mapped out a path to ‘green hydrogen superpower’ status, championed critical minerals relationships and altered taxes on oil and gas. Here’s how industry responded.
Payroll tax changes will save Western Australia’s largest employers around $230 million next financial year, according to state government budget papers.
Recent predictions of cooling Western Australian economic growth based on soft Chinese appetite for iron ore are pessimistic, according to the Chamber of Commerce and Industry.
Western Australian businesses are finding ways around the crippling skills shortage, with a new report showing concerns about the crisis cooling.
The Chamber of Commerce and Industry WA has refreshed its push for payroll tax reform, but Premier Roger Cook has played down the prospect of major change.
Environment and Energy Minister Reece Whitby says there is no conflict of interest in holding both portfolios, after the government announced change to the environmental approvals process.
Ongoing industrial issues at Fremantle Port between DP World and the Maritime Union of Australia is impacting WA's economy by $10.7 million per week, CCIWA has warned.
Federal governments would risk losing every seat in Western Australia if they tore up the GST deal, Rita Saffioti says, as pressure once again ramps up on the government to axe it.
The Chamber of Commerce and Industry of WA expects economic growth to slow this year, as it keeps an eye on activity in the Chinese property market.
Premier Roger Cook has backed the state’s environmental approvals process to meet national standards, as his federal counterparts unveiled a new statutory body but delayed full legal reform.
Payroll tax relief has unsurprisingly topped the Chamber of Commerce and Industry WA’s state budget wish-list, ahead of the state’s unveiling of its 2024-25 books on Thursday.
Resources royalty reliance and a lack of action on payroll tax were among the key observations from business groups digesting today’s state budget – the first from Treasurer Rita Saffioti.
Business groups say a government industrial relations policy pilot trial will drive project costs up and productivity down.
Western Australians are likely to reduce their discretionary and overall spending during the second half of 2024, a report from the Chamber of Commerce and Industry WA has found.
The Chamber of Commerce and Industry WA has renewed calls for the state government to lift the payroll tax threshold amid rising wage bills for small businesses.
Australian business owners have little faith Canberra bureaucrats will be able to manage environmental approvals effectively under new reforms
Resources industry groups have fronted a Senate committee to voice concerns over the federal government's proposed Nature Positive reforms.
Carbon capture and storage could generate more than $80 billion for the state economy over 20 years, according to new analysis funded by the Chamber of Commerce and Industry WA.
Resources Minister Madeleine King has told the WA business community a union push into the Pilbara was an opportunity for collaboration with industry but warned against hysteria.
The languish Chinese property market will continue to weigh on Western Australia’s economic growth, which is tipped to record a modest uptick, according to CCIWA.
Six Perth nature startups are set to share in seed funding and expert support as part of a global tech accelerator, set to run its first Australian program in Perth.
The state government has poured $14 million into the environmental approvals system as part of its reforms to accelerate the process for major projects.
Stakeholders remain split over any changes to the hours big retailers can open for business.
Consumer confidence has rebounded in the lead-up to Christmas but the renewed optimism is not likely to be matched by increased spending.
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