Australia plans $900M fund to boost economy by streamlining regulations and construction.

Australian Treasurer Jim Chalmers plans to announce a $900 million fund to boost competition and productivity by encouraging states to streamline regulations and embrace modern construction methods. The initiative aims to increase Australia's GDP by up to $45 billion annually and make households about $5,000 better off. Chalmers will address state governments, emphasizing the need for their commitment to drive productivity and lower costs.

November 12, 2024
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