Prime Minister Malcolm Turnbull and his new economics team have been meeting leaders of business, unions and civil society to chart a new economic course.
Mr Turnbull says the challenge for the country is to survive the end of the mining boom.
He's asked members of the National Reform Summit to help come up with policies to make the country more innovative, competitive and productive.
It's a meeting that would have been unthinkable just weeks ago but under a new prime minister comes an attempt at a fresh style of leadership.
Business, unions and community representatives were all invited by Malcolm Turnbull into the cabinet room.
The plan: to help chart changes in taxes, spending and policy aimed at productivity growth.
"So I want to thank you all for coming, and from our part we are here to listen which is what politicians possibly don't do enough of but we're very committed to listen to you and in the discussion that follows to tease out some of the proposals you have and some of the discussions you have."
Back in August this group held their own event - the National Reform Summit - in Sydney because they were fed up with the lack of action on key policy from the then-Abbott Government.
Mr Turnbull is signalling his government will tackle some big policy areas.
Cabinet Secretary Arthur Sinodinos has told ABC radio this is the start of an important dialogue.
"But that process is now about specific actionable items. It is not about further discussion. There's been lots of talk of high-level principles; we've identified a number of areas where we need to do more work."
Cassandra Goldie, from the Australian Council of Social Service, was pleased with the outcome of discussions.
"As we talk about the challenges we face, as we talk about some of the concerns in the community, what binds us together is that we all want to see great economic growth that is about opening up job opportunities, that is about making us a modern economy."
Also up for review from today: the GST, taxation policies, and measures to boost jobs growth.
This group will investigate policy options and report back to the Prime Minister.
The Government has also announced its first policy U-turn.
Education Minister Simon Birmingham has confirmed the controversial plan to slash funding to universities and introduce higher fees is being shelved.
"What we've done today is accept reality and acknowledge that it would be impractical for any reforms to higher education to commence next year; that the sector and the students deserve certainty for 2016; and give an appropriate time for the me and the Prime Minister and other members of the government to consult with universities with students with employers with others."
Stephen Parker, from the University of Canberra, remains the only Vice-Chancellor opposed to allowing universities to set course prices.
"I think the government had no choice but to pull away. They couldn't get any legislation through and they left it to the very last possible day because it was today that universities had to put their funding data into the government system. So what I make of it is no choice, it's not a change of heart, it's not a change of policy - they just hit a brick wall."
For students studying in 2016 there will be no change from the present system.
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