Victoria
Business Council names Victoria worst state for business
The Business Council of Australia has again ranked Victoria as the least attractive state for business, with South Australia topping the list.
Victoria has once again been ranked as the least attractive state in the nation to do business, according to the latest assessment by the Business Council of Australia.
The annual evaluation of state-by-state economic competitiveness placed South Australia at the top of the list as the nation's most business-friendly jurisdiction, leaving Victoria at the bottom of the ladder.
The Business Council of Australia, which represents many of the country's largest employers, compiled the list based on several economic indicators. However, the exact criteria used for this year's rankings, including the specific weightings given to taxation, red tape, and infrastructure investment, have not been fully detailed in the initial wire report.
It remains unclear what specific policy decisions or fiscal measures in Victoria contributed most heavily to its repeat position at the bottom of the table. Representatives for the Victorian government have not yet commented on the findings, and it is not yet confirmed whether any formal response will be issued by the state treasurer or premier.
The high ranking for South Australia suggests that its policy settings are currently viewed more favourably by major corporate employers. It is not yet known how other major economies, such as New South Wales and Queensland, performed relative to one another within the middle tier of the rankings.
The Business Council of Australia has previously called on state governments to simplify regulatory frameworks and harmonise interstate taxes to encourage national productivity.
Observers will be watching to see if the Victorian government addresses these competitive challenges in its upcoming policy announcements.
This report draws on original reporting by Wire report.
Dedicated to a Stronger Victoria.
A message from the editor, October
Every story here is free to read. Only readers keep it that way.
We take no government money, run no paywall, and answer to nobody in Spring Street. That independence is paid for by a small number of readers, not the many who benefit from it. If just one in a hundred of today's readers gave $8 a month, our Victorian politics coverage would be funded for the year.
- Funds reporting, not shareholders
- Cancel in one click, anytime
- Supporter badge and reply access
Prefer a one-off? Send a tip. It takes about twenty seconds.