Chemistry Australia and its members are looking to the future with the release of the chemistry sector's 2019 Federal Election Priorities.

Chemistry Australia, in consultation with members, has identified specific policy actions under three key areas – responsible, competitive and smart – that will position Australia for success beyond the 2019 Federal Election. 

Priorities for the chemistry sector include affordable, reliable gas and energy; a global approach to climate change; and a clear vision for manufacturing in Australia.

Chemistry Australia CEO Samantha Read said responsible, competitive and smart policies are needed to address current challenges and make Australia an attractive destination for investment.

“Australia is being confronted by some significant challenges; climate change, high energy costs and declining economic complexity are all having an impact on Australian industry, commerce and households,” said Ms Read.

"Many of these challenges represent global opportunities for Australia if the policy settings are right.”

Australia has an opportunity to add significantly more value to its abundant gas resources through policy settings that prioritise reliable, affordable energy for consumers, in line with the guiding principles of the National Energy Objectives.

Ms Read said: “Affordable, reliable energy is critical for our industry, but Australia can’t develop sustainable, long-term energy policy without an eye on climate change.”

“Our members recognise the need for a globally co-ordinated approach to climate policy, but it must strike the right balance between meeting our climate commitments, maintaining jobs and opportunities provided by our current manufacturing base, and stimulating growth and continued investment in industry.”

Last year, the Department of Industry, Innovation and Science described Australia’s economic complexity as “closer to that of a developing country”*.

Australia has the potential and capability to develop a diverse economy with a strong and healthy manufacturing and industrial sector.  To do this, a long-term plan must be established to provide the right conditions for investment.

“A 20-year vision for manufacturing is essential to foster investment confidence in a competitive global environment,” said Ms Read.

“This will ensure manufacturing continues to play its important role in the economy while providing meaningful, well-paid jobs for thousands of Australians.

“Chemistry Australia and its members are committed to working with government beyond the 2019 Federal Election to develop responsible, competitive and smart solutions that will address the pressing challenges facing Australia.”

*Department of Industry, Innovation and Science: Industry Insights, Globalising Australia 2/2018, June 2018