PM’s Made in Australia plan risks forever subsidies

The government’s hand-picked Productivity Commission chair, Danielle Wood, says that without a well-defined exit strategy, the Future Made in Australia Act risks creating a class of businesses forever reliant on subsidies.

As business, industry and the federal opposition all claimed the nation’s high energy costs, regulatory burden and industrial relations regime would deter investors, Ms Wood said the system of subsidies and incentives would inevitably come at a cost to the economy.