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With the cooling resources boom, the falling Australian dollar, the new government and rebounding business confidence -- what better time for Australian businesses to start thinking about where future prosperity will come from.
In Deloitte's preview release of Building the Lucky Country, Positioning for Prosperity? we focus on where Australia will find its next waves of economic growth. Plus, we take a deep dive into our current wave, mining and the five new fronts; agribusiness, gas, international education, tourism and wealth management.
There are many reasons to be hopeful about Australian mining's future, but there is also work to do to ensure we maintain our leadership:
How can we rebuild our reputation for regulatory stability to win back the confidence of international investors and potential partners?
Can we review the breadth and complexity of regulations around mining, to ensure they are efficient and valuable?
How can we make our infrastructure more efficient and effective, including avoiding the duplication of non-competitive facilities such as ports and rail?
Are there ways to mitigate concerns about coal, such as further investment in clean coal technologies?
Could miners explore new funding models to improve cost competitiveness, such as divesting assets to infrastructure funds?
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