Preaching the choir. I’ve worked in industry development for a State Government and also commercialization of research. We are just not even in the race. Our energy cost is crazy high. Our infrastructure is badly planned. The regulatory landscape, including aviation, is a disaster. Our employment costs are unsustainable and our financial and taxation structures do not create an investment climate for anything other than domestic property development. If you have a good business idea in Australia, take it overseas.
To put that another way, our local council wants a $1200 application fee to consider allowing a business to put up an advertising sign on its own premises. The biggest owners of water rights in the Murray - Darling river system are city and overseas speculators including politicians.