Equally important, businesses should not always look up to the Government for solutions to their problems, as such an approach tends to entrench a culture of dependency. All-in-all, business should embrace the benefits that accrue from increased productivity in a global economic environment. It is only this path that will sustain our country’s long-run broad-based economic and social prosperity.
It should also support the continued use of BBSW in the European Union, where new regulations will soon come into force that require benchmarks used in the EU to be subject to a robust regulatory framework.