Central Elements of Effective Policy Making

This policy update provides a brief and general review of the most recent policies, strategies and initiatives announced in the lead up to the Federal election.

A central role for Government is to set the policy framework for its constituents. This is not an easy task, especially if we take into account the constrained timelines typically associated with these processes and the need to balance potentially divergent views from different stakeholders. Recent events in South Australia where the whole state experienced a blackout are a timely reminder of the complexity of this task. It also reinforces the need for policy makers to thoroughly interrogate the reasons for and consequences of its policy response given the potential consequences for consumers and economic performance.

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