Our operating environment
Australia is operating in an increasingly connected world. Technological and scientific advances continue to change how we live, work and do business. New opportunities and markets are emerging as digital technologies develop, demographics shift and the Indo-Pacific continues to grow.
We are well positioned to take advantage of these opportunities. Our economy has grown for a record 27 consecutive years. Our standard of living is high. We have effective institutions and a skilled workforce. There is continuing strong demand for our resources, goods and services.
Yet we cannot take our future growth for granted. International competition is intense. Global power balances are changing, with significant implications for our region. Multi-factor productivity—one of the most important long‑term drivers of living standards—has been about half the long run average since 2004. Meeting these challenges requires a dynamic economy powered by skilled workers and competitive and innovative businesses.
The Department of Industry, Innovation and Science
The Department of Industry, Innovation and Science drives Australian growth and job creation. We boost Australia’s competitiveness and facilitate economic transformation by backing business, science, innovation and investment. Our effort relies on building strong relationships between businesses, entrepreneurs, employees, the science community, government, regulators and international partners.
The department facilitates Australia’s economic transformation through investment, science and innovation. It supports businesses and employees as they manage market disruptions and seek new opportunities, including those presented by digital technology.
We enable strong science, supporting the research, infrastructure, skills development and collaboration that underpins new discoveries, better living standards and the social wellbeing of all Australians.
We promote the growth and transformation of internationally competitive industries by enabling business investment, collaboration and international engagement in growth sectors, as well as helping to overcome barriers to their success.
The department works with state and territory government counterparts, particularly through the Council of Australian Governments (COAG) Energy Council, to promote Australia’s globally competitive resources sector. The department supports best practices in the mining industry to develop Australia’s mineral and energy resources.
The department also coordinates the government’s agenda to unlock the potential of northern Australia and build on its strong primary industries, tourism and access to Asia. We are investing in critical infrastructure, facilitating private investment and developing more opportunities for a range of industries and communities to grow.
The department partners across government to assist employees and businesses in transitioning industries and regions.
Boosting business competitiveness
The department boosts business competitiveness to enable our businesses to grow and create jobs and prosperity across Australia.
We are helping businesses to improve their productivity, capabilities and networks. In addition to our work driving innovation and business collaboration, we facilitate business engagement in global value chains and support the development of critical management, entrepreneurial and digital skills.
The department also contributes to the government’s important work providing the enabling environment for business success. Our work includes tax and regulatory reform, investment in key infrastructure and reducing the cost of doing business, particularly by providing simple, easy to access services and information and helping business seamlessly engage with government.
Building a high performance organisation
Our work is supported by our ongoing efforts to build and maintain a high performance organisation. We continue to invest in our people and seek new approaches that will allow us to achieve our purposes and realise our vision in a rapidly changing environment. We embrace the diverse life and work experiences of our staff to enhance the richness of our workplace. We practice inclusive behaviours to create an environment where all staff feel valued and contribute to our goals.
We are working to build evaluation into every aspect of our work, to improve program delivery and policy influence. We also take a systematic approach to risk oversight and management to support a workforce that is agile and resilient in the face of uncertainty and complexity, and enable innovative activities to deliver improved outcomes to citizens. Through our programs, policies and services we provide mutually beneficial opportunities for Aboriginal and Torres Strait Islander peoples, organisations and communities across Australia to share in economic development and social inclusion.