X
  • About
  • Advertise
  • Contact
Subscribe to our Newsletter
  • News
  • Markets
  • Regulation
  • Super
  • M&A
  • Tech
  • Appointments
  • Podcast
  • Webcasts
  • Promoted Content
  • Events
    • Super Fund of the Year Awards
    • Australian Wealth Management Summit
    • Australian Wealth Management Awards
    • Fund Manager of the Year Awards
    • Adviser Innovation Summit
    • ifa Excellence Awards
No Results
View All Results
  • News
  • Markets
  • Regulation
  • Super
  • M&A
  • Tech
  • Appointments
  • Podcast
  • Webcasts
  • Promoted Content
  • Events
    • Super Fund of the Year Awards
    • Australian Wealth Management Summit
    • Australian Wealth Management Awards
    • Fund Manager of the Year Awards
    • Adviser Innovation Summit
    • ifa Excellence Awards
No Results
View All Results
No Results
View All Results
Home News Regulation

Expectations ‘realistic’ ahead of jobs summit

This week’s jobs and skills summit will tackle wages, skills shortages, and productivity, but while super fund bosses made the cut, the big banks' chief executives do not feature among the invitees.

by Maja Garaca Djurdjevic
August 29, 2022
in News, Regulation
Reading Time: 3 mins read

The government’s jobs and skills summit, first announced in July, will convene in Canberra on 1 and 2 September, bringing together around 140 people including super fund bosses and state premiers, but shunning the bank CEOs.

Speaking to Sky News on Sunday, Treasurer Jim Chalmers said “expectations are realistic” ahead of the big convening of business, unions, and government.

X

“We’re just looking for those areas of broad common ground so that we can move forward together, whether it be on getting wages growing again after a decade of stagnation, whether it’s boosting productivity by investing in our people and their skills, whether it’s dealing with these skills and labour shortages,” Mr Chalmers said.

“We’ve been really energised and really enthused by the genuine spirit of collaboration and cooperation that has emerged in the lead up to the summit. We’re realistic about what it might agree on, but we are confident that by tapping this spirit that exists in the community that we can move forward together,” he continued.

Ahead of the summit, the ACTU and peak business groups announced the launch of their Statement on Common Interests on Skills and Training, which makes several recommendations to tackle “today’s workforce and skills shortages”.

Among them is the revitalisation of the Vocational and Education Training system, and the establishment of Jobs and Skills Australia.

Commenting on the statement, Mr Chalmers said he is “heartened” by “people’s willingness to see where there are common interests”.

“I have detected over the last three months or so, but particularly in recent weeks, a real hunger for some real talk about our economic challenges and a real appetite to work together to address them. We are realistic about that, we’re not naive about it, we don’t think that everybody’s going to have exactly the same view, and we won’t be able to progress every idea that’s pitched up. But by bringing people together, we give ourselves every chance to rise to this occasion, and to meet this moment,” the Treasurer said.

Big bank CEOs excluded

Commenting on his decision to keep the big bank CEOs off the guest list, Mr Chalmers said “it’s not possible to fit everyone that you would like to fit in a jobs summit”.

“The bank CEOs will be represented very capably by Anna Bligh, who’s the head of the Banking Association. And in a number of instances, we’ve got peak groups there representing a broader constituency and I think that’s as you’d expect.

“I speak to the bank CEOs all the time in my job. I spoke to one about the summit during the course of the week, and I’ve had meetings with all of them in the last month or so. And they’re obviously providing key input into our economic policies, that’s not a surprise to anyone,” the Treasurer explained.

The government confirmed earlier it would publish a white paper based on the outcomes of the summit. The key themes of the summit include maintaining full employment and growing productivity; boosting job security and wages; lifting participation and reducing barriers to employment; maximising opportunities in the industries of the future; and delivering a high-quality labour force through skills, training and migration.

Related Posts

Federal Court sentences investment manager for insider trading

by Laura Dew
January 23, 2026

A former investment manager charged with insider trading regarding a potential Platinum Asset Management takeover has been sentenced in Federal...

The biggest moments from a week at Davos

by Olivia Grace-Curran
January 22, 2026

Investor Daily explores the major events and speeches that have got the world talking at this year’s World Economic Forum...

ANZ blasted by FSU over Suncorp job cuts

by Georgie Preston
January 22, 2026

The union has slammed ANZ’s decision to cut roles across several Suncorp Bank divisions, stating chief executive Nuno Matos is...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIEW ALL
Promoted Content

Why U.S. middle market private credit is a powerful income solution for Australian institutional investors

In today’s investment landscape, middle market direct lending, a key segment of private credit, has emerged as an attractive option...

by Tim Warrick
December 2, 2025
Promoted Content

Is Your SMSF Missing Out on the Crypto Boom?

Digital assets are the fastest-growing investment in SMSFs. Swyftx's expert team helps you securely and compliantly add crypto to your...

by Swyftx
December 2, 2025
Promoted Content

Global dividends reach US$519 billion, what’s behind the rise?

Global dividends surged to a record US$518.7 billion in Q3 2025, up 6.2% year-on-year, with financials leading the way. The...

by Capital Group
November 18, 2025
Promoted Content

Why smaller can be smarter in private credit

Over the past 15 years, middle market direct lending has grown into one of the most dynamic areas of alternative...

by Tim Warrick, Managing Director of Principal Alternative Credit, Principal Asset Management
November 14, 2025

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

Latest Podcast

Podcast

Relative Return Insider: Trump, Greenland, and gold

by Keith Ford
January 22, 2026
After more than two decades, InvestorDaily continues to be an institution that connects and influences Australia’s financial services sector. This influential and integrated media brand connects with leading financial services professionals within superannuation, funds management, financial planning and intermediary distribution through a range of channels, including digital, social, research, broadcast, webcast and events.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Us

  • About
  • Advertise
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • Markets
  • Appointments
  • Regulation
  • Super
  • Mergers & Acquisitions
  • Tech
  • Promoted Content
  • Analysis

© 2026 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
  • News
  • Markets
  • Regulation
  • Super
  • M&A
  • Tech
  • Appointments
  • Podcast
  • Webcasts
  • Promoted Content
  • Events
    • Super Fund of the Year Awards
    • Australian Wealth Management Summit
    • Australian Wealth Management Awards
    • Fund Manager of the Year Awards
    • Adviser Innovation Summit
    • ifa Excellence Awards
  • About
  • Advertise
  • Contact Us

© 2026 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited