A Labor government will establish a new and independent COAG Economic Reform Council to examine, track and report to COAG on long-term reform priorities, Shadow Treasurer Chris Bowen announced at the 2018 Outlook Conference in Melbourne on Thursday.
The council would collate and collect consistent and comparable data from the states and the Commonwealth to inform policy co-design and analysis, helping to track progress and performance, and support the development of agendas for two formal COAG meetings a year and the regular council on federal financial relations meetings.
The COAG Economic Reform Council would operate at arm’s length from the federal government and be overseen by a board of up to six directors with a chair appointed by the prime minister after consultation with the states, Bowen said.
Labor projects the council will cost $2 million over the forward estimates.
The Mandarin’s David Donaldson is at the 2018 Outlook Conference today and tomorrow. More detailed coverage will come tomorrow.