OECD REPORT ON AUSTRALIA
ECONOMY
* Gradually lift the official interest rate, in the absence of a downturn.
* Prepare for the possibility of a significant correction in the housing market.
* Ensure fiscal balances remain on track to reach surplus.
* Further shift the tax mix from direct taxes (corporate and personal tax) and inefficient taxes (including real-estate stamp duty) to the Goods and Services Tax (GST) and land taxes.
ENVIRONMENT
* Stabilise and strengthen climate change policy.
* Put a greater focus on biodiversity, when considering projects for approval and land use.
INFRASTRUCTURE
* Strengthen the governance of urban areas, including through greater leadership at the federal and state level in planning.
* Match ramped up road investment with better road charging, including charges based on distance travelled and urban congestion.
SOCIAL
* Give indigenous communities a bigger role in policy design and implementation.
* Continue to focus on disadvantaged students in early childhood education and schools.
* Incentivise job active providers to keep workers for longer and improve the quality of training and on-the-job support.
(Source: OECD Economic Surveys: Australia 2018)
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