Labor leader promises to lead export push
Financial services policy popped briefly onto the Federal Election radar this week, with the Federal Opposition Leader, Kevin Rudd, signalling that he and senior Labor Ministers would lead delegations into Asia with a view to selling Australian financial services exports.
Rudd confirmed that he had been in long conversations with the Investment and Financial Services Association, particularly the funds management section within it, on the need for Australia to become more globally competitive.
He said that there was a need for a competitive tax policy, a good skills base and a national government prepared to back its nation as an appropriate platform for growth in funds management.
“So you know what I’ll being doing? Putting together the funds management industry and the financial services sector, and delegations to the region with me and relevant ministers leading those delegations, to market ourselves as the funds management capital in east-Asia into the future,” Rudd said.
He said that having a competitive tax regime was one thing, but marketing the fact was critical.
AUTHOR
Mike Taylor
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