National Reform Summit: your chance to connect
Today, KPMG is hosting the National Reform Summit. This important initiative brings together Australian peak bodies and groups who will work on four critical policy streams and prepare position papers.
These position papers will contain specific policy recommendations to present to the Australian Parliament.
Just about every sector of Australian life and vital policy area is represented at the Summit. Each of the research Institutes have been allocated a work stream and will generate a position paper after a series of discussions and presentations throughout the day.
The four policy streams are:
- Fiscal sustainability led by the Grattan Institute
- Tax reform in a modern Federation led by Centre for Independent Studies, Menzies and Chifley Research Centres
- Increasing productivity and workforce participation led by Melbourne Economic Forum
- A sustainable, fair retirement incomes policy led by the Committee for Sustainable Retirement Incomes.
In a month where global financial markets have experienced significant turmoil, it brings to mind a short paper written by the World Economic Forum in 2012 titled The Promise and Peril of Hyper-connectivity for Organisations and Societies.
The paper outlines the ‘benefits and challenges’ we are confronted with from ‘hyper-connectivity’.
The term hyper-connectivity refers not only to the myriad of communications means we have at our disposal but the sheer pace at which communication happens and its impact on society and government.
Some market commentators are suggesting that ‘panic begets panic’ and this is what we are experiencing with the current market tumble. Does the information available to not only professional traders but journalists, bloggers and Tweeters contribute to this panic?
For governments and civic institutions this hyper-connectivity is impacting their ability to function in the same manner as they have in decades before. The same can be said for businesses, who have either become extinct or evolved in time to embrace this new world.
The groups working together at the National Reform Summit realise that our connected world offers many opportunities, for instance, the growing connectedness of rural areas should lead to more jobs and sustainable economic growth and stability.
In order for governments to deliver on their promise of economic development, efficient healthcare, better access to education and sustainable growth, they must adapt to the opportunities and challenges presented to them by this hyper-connected society.
Connect with the Summit participants
We have put together a definitive list of Summit participants on social media. So if you would like to keep up with the Summit as well as the post event discussions, you can follow or connect with the groups via their Twitter handles below:
- ACCI – @AusChamber
- BCA – @BCAcomau
- ACTU – @unionsaustralia
- National Seniors Australia – @NationalSeniors
- AiG – @TheA_iGroup
- Council on the Ageing – @COTA_NSW
- ACOSS – @ACOSS
- Centre for Independent Studies – @CISOZ
- Menzies Research Centre – @MenziesRC
- Chifley Research Centre – @ChifleyResearch
- Grattan Institute – @GrattanInst
- Melbourne Economic Forum – @MelbConForum
The Summit Statement paper will be available on kpmg.com/au/reformsummit later today.
View the KPMG/SR7 National Reform Summit social media analysis here