Aggregate Supply Policy

Annotations:

• Remember, we only need to have studied one of these for the SAC and the exam.  

1. Trade Liberalisation
   1. FTA
   2. Removal of Tariffs

      Annotations:

      • Removal of the taxes on imports
   3. CHAFTA

      Annotations:

      • China Australia Free Trade Agreement http://dfat.gov.au/TRADE/AGREEMENTS/CHAFTA/Pages/australia-china-fta.aspx
2. Labour Reform
3. Deregulation of key markets
4. National Competition Policy

Annotations:

• How do new policies set by the treasurer effect how Australia supplies its resources http://budget.gov.au/2016-17/content/glossies/jobs-growth/html/jobs-growth-07.htm

1. Company tax cut

   Annotations:

   • Reductions in company tax rate from 30% to 27.5%
2. PAYG tax cut

   Annotations:

   • Individual tax bracket shift from $80,000-$87,000
3. Pathways Programe

   Annotations:

   • Getting school leavers into aprentiship programmes though the help of government payments to encourage them to take on apprentices.  

1. Skilled Migration

   Annotations:

   • Skilled migration is one of the simplest ways in which we can grow our labour resources in australia
2. Points system

1. Kyoto Agreement

   Annotations:

   • 60% reduction in the emissions from the 1990 level by 2025. http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/archive/kyoto
2. Carbon Tax