With the federal election due in May, the Grattan Institute has released a pre-election report titled “Orange Book 2025: Policy priorities for the federal government”. The report presents “big five policy challenges” and calls on whoever wins the election – whether Labor or Coalition, majority or minority – to undertake difficult but critical reforms to set Australia to “a more prosperous path”.
The report identifies Australia’s five long-standing domestic policy challenges as:
- Transitioning to net zero
- Tackling the housing crisis
- Deepening talent pools
- Meeting the needs of an ageing population
- Fixing the structural budget
Among others, the report calls for “bold tax reforms” to boost productivity and economic growth.
It also argues that the Australian government should improve the retirement incomes system by simplifying the system for retirees, curbing costly superannuation tax breaks, and strengthening protections for vulnerable retirees.
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