Jennifer Westacott says plan sets a ‘dangerous precedent’ and threatens Australia’s economic attractiveness
The Business Council of Australia has blasted the Morrison government’s energy plan, declaring it will exacerbate sovereign risk, interfere with market outcomes and discourage investment in critical infrastructure.
The BCA has used a submission to the Treasury to launch an excoriating critique of the government’s price regulation measures, and the so-called “big stick” divestiture policy, saying the proposed introduction “of these heavy-handed, intrusive treasurer-ordered remedies in the energy sector sets a dangerous precedent for other sectors of the economy and threatens our economic attractiveness by sending a signal to the world that investing in Australia comes with considerable risks”.
Continue reading...from The Guardian https://ift.tt/2OVIUkj
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