SYDNEY: The Australian Investment Council supports today’s announcement of
a new whole-of-government Global Business and Talent Attraction Taskforce,
to be led by Peter Verwer AO.
“The Global Business and Talent Attraction Taskforce is an important step
towards supporting the rebuilding of business activity across the
Australian economy following the COVID-19 downturn,” said Yasser El-Ansary,
Chief Executive of the Australian Investment Council.
“This new taskforce sends a clear message around the world that Australia
is now open for business, and that we are seeking to attract strategically
important talent and businesses to our market.
“To be internationally competitive, highly innovative fast-growth
Australian businesses need access to world leading talent in key areas
where we are still building local capability. We’ve seen too many examples
over the years of domestic businesses that cannot access talent and capital
being forced to relocate overseas, taking with them highly skilled jobs and
“As we rebound out of the COVID-19 downturn we must ensure that the
economic recovery is underwritten by big gains in innovation and technology
to drive increased productivity. Attracting the world’s best businesses and
talent to Australia will help boost our domestic productivity and our
global competitiveness,” Mr El-Ansary said.
“Skills and talent are the lifeblood of growing and innovative businesses.
Australia has a unique opportunity to be a destination of choice for high
calibre talent through its attractive lifestyle, stable political system
and future growth opportunities,” according to Mr El-Ansary.
Attracting world-leading talent and businesses to Australia forms one of
the economic building blocks identified by the Australian Investment
Council in its recent policy statement,
Roadmap to Recovery – Creating a Stronger and More Dynamic Economy, released in June 2020.
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About the Australian Investment Council
The Australian Investment Council is the voice of private capital in
Australia. Private capital investment has played a central role in the
growth and expansion of thousands of businesses, which when combined
represents a multi-billion-dollar contribution to the Australian economy.
Our members are the standard-bearers of professional investment and
include: private equity, venture capital and private credit funds,
alongside institutional investors such as superannuation and sovereign
wealth funds, as well as leading financial, legal and operational advisers.