Calls for Australia to Cut Company Tax Rate, Lower Energy Costs to Rejuvenate Economy

‘Productivity growth isn’t about working harder. And it’s not just about having more stuff. It means making the most of what we have,’ said PC chair.

Bartenders work inside a bar in Sydney, Australia, on Oct. 11, 2021.Steven Saphore/AFP via Getty Images

Australia’s Productivity Commission (PC) has identified 15 key reform areas to help pull the country out of the quagmire of sluggish productivity growth, where it has remained entrenched for a decade.

Following the release of the PC’s Productivity Pitch in December 2024, the commission collected more than 500 ideas from all over Australia about improving productivity across the economy.