Finance hub push extended to technology
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Finance and technology professionals would be lured to set up businesses and create jobs in Australia through tax breaks, visa streamlining and fast-tracking regulatory approvals, under reform proposals put to the federal government by a high-powered advisory group.
To seize on Hong Kong’s diminished status as a regional financial centre and capitalise on Australia’s economic and health outperformance during COVID-19, the Australia as a Financial and Technology Centre Advisory Group made 15 recommendations in a report commissioned by Liberal senator Andrew Bragg.
Andrew Low and Andrew Bragg are pushing for Australia to boost its competitiveness in finance and technology.