The government’s Digital Economy Strategy announced today will help
Australia significantly propel innovation and technology that will drive
increased productivity in every sector of the economy, said Yasser
El-Ansary, Chief Executive of the Australian Investment Council.
“The Council welcomes the consultation on the Venture Capital Limited
Partnerships (VCLPs) and Early Stage Limited Partnerships (ESVCLPs) regimes
in today’s announcement.
“Providing clarity and certainty on the framework for VCLPs and ESVCLPs and
making them competitive with other jurisdictions will help attract
investment to Australian businesses across a range of new and emerging
sectors of the economy.
“Building a pipeline of digital skills and upskilling Australians will be
critical for the development of a modern, knowledge-based economy.
“Next week’s federal budget announcement provides an opportunity to build
on the Digital Economy Strategy announced today to grow Australia’s
capacity to attract inbound investment through the introduction of a
Collective Investment Vehicle for Limited Partnerships.
“We have to do everything possible to boost our global competitiveness and
attract new investment into our domestic market from offshore,” Mr
El-Ansary said.
[ends]
For an interview with Yasser El-Ansary please contact:
Robyn Tolhurst
Public Affairs Manager
[email protected]
M: 0436 388 919
About the Australian Investment Council
The Australian Investment Council is the voice of private capital in
Australia. Private capital investment has played a central role in the
growth and expansion of thousands of businesses, which when combined
represents a multi-billion-dollar contribution to the Australian economy.
Our members are the standard-bearers of professional investment and
include: private equity, venture capital and private credit funds,
alongside institutional investors such as superannuation and sovereign
wealth funds, as well as leading financial, legal and operational advisers. www.aic.co
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