It’s been almost four weeks on the job now and I’ve been fortunate to have had the opportunity to meet many of our members and non-members at AVCAL’s end-of-year networking functions in NSW, QLD, VIC and SA. I‘ve heard some great insights from many of you and I thank you for being so welcoming. I plan to spend a large part of early 2014 getting to know more of our members across Australia, as I start to map out how AVCAL can deliver even greater value to members in everything we do.
AVCAL’s 2014 Council members (pictured below) were confirmed at our Annual General Meeting that took place last month. Our Council plays a major role in setting the organisation’s strategic direction and I really appreciate the time that they take to work with us throughout the year. I’m looking forward to working with them in 2014 to deliver AVCAL’s key priorities and build on what we’ve achieved this year.
Engaging with the Government on important policy reforms has been a key priority for AVCAL as you can see in our ‘hotspot’ section above. I was in Canberra on Tuesday this week for the release of the Mid-Year Economic and Fiscal Outlook by the Government, which highlighted that there is a lot to be done to help rebuild consumer and business confidence across the economy. You can view the media release here. As an organisation, we have to ensure that the new Government does everything possible to put in place the right policy and regulatory settings to provide certainty for the PE and VC industry. We know that Australia is currently in the midst of major structural change across our economy, so we must take steps to embed productivity-enhancing reforms that will support the continued growth and expansion of our economy. Innovation is a vital ingredient for us to be able to make the sorts of productivity gains that we are looking for, and our industry can play a major role in that area.
I’m really looking forward to 2014, because I think it’s going to be a positive year for PE and VC. Data from our annual Yearbook and Deal Metrics Survey both showed that the industry has remained resilient in FY2013, and the market is now showing favourable conditions that should promote greater investment in PE and VC in the period ahead.
Early next year we will be launching a fresh way for AVCAL to keep you in touch with what we are doing on behalf of the industry – stay tuned over coming weeks. Meanwhile, keep up to date with the latest from AVCAL by following us on LinkedIn, Twitter and by subscribing to our dynamic updates. You can do this by updating your profile and ticking the categories you’re interested in.
Finally, on behalf of the entire team here at AVCAL I’d like to wish you and your families a safe and happy holiday season. Thank you for your valuable support throughout 2013, and we all look forward to working with you again in 2014.