Australian political parties at all levels have a firm understanding of today's economic challenges and recognise the impact that inefficient government processes and business regulations can have on competitiveness. In 2007, the IMD Competitiveness Yearbook ranked Australia seventh in the world for government efficiency or the extent to which government policies are conducive to competitiveness.

In Australia, governments at all levels work cooperatively with business to respond effectively to global and domestic economic trends. Over the past 30 years, the emphasis of government policy has been on making Australia more internationally competitive and globally integrated. The series of micro-economic reforms introduced over this period have created a regulatory environment which is favourable to business and enables companies to make the most of commercial opportunities.

Public service agencies at all levels of Government in Australia are regarded as among the most independent in the world. Companies can be certain that government decisions regarding their businesses are made on the basis of transparent criteria.