While the CGT changes have attracted most of the attention over recent weeks, the budget also contained a bunch of productivity-enhancing reforms that will make life easier for businesses operating across multiple states.According to the Treasury, reforms agreed to under a revised national competition policy agenda could boost long-run GDP by about $13 billion a year. In economic terms, that’s like permanently adding another Townsville-sized economy to Australia.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The budget could add another Townsville to the economy. Here’s how
Reforms agreed to under a revised national competition policy agenda could permanently add another Townsville-sized economy to Australia
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