The Prime Ministers of Australia and New Zealand have agreed that the Productivity Commissions of each country will conduct a joint scoping study to identify options for further reforms which might boost productivity, increase competitiveness and drive deeper economic integration between the countries.

 

The Commissions’ report will provide analysis on:

  • potential areas of further economic reform and integration, including identification of the areas of reform where benefits are likely to be most significant, with particular focus on critical issues for business like investment and productivity;
  • the economic impacts and benefits of reform;
  • any significant transition and adjustment costs that could be incurred;
  • identification of reform where joint net benefits are highest;
  • the means by which they might be best actioned; and
  • the likely time paths over which benefits are expected to accrue.

The Commissions will report by 1 December 2012 for consideration by Leaders in 2013.

 

More information is here.