Original article by Michael Read, Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 12-Apr-24

Productivity Commission chair Danielle Wood has warned that the federal government’s Future Made in Australia Act will have an economic cost. The government will provide incentives and subsidies to encourage local manufacturing, but Wood contends that the Act must include a mechanism for winding back this financial support in order to avoid having businesses become reliant on government subsidies. Meanwhile, Opposition leader Peter Dutton says local manufacturers are going broke or relocating offshore due to factors such as high energy costs and the government’s industrial relations regime.

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AUSTRALIA. PRODUCTIVITY COMMISSION, LIBERAL PARTY OF AUSTRALIA