Historic Australian Government initiative set to unleash women’s potential for a thriving economy

29 Oct 2023 11:23 AM | Angela Tomazos (Administrator)

BPW Australia (the Australian Federation of Business and Professional Women), a leading women's advocacy organisation in Australia, warmly welcomes the groundbreaking Australian Government report outlining a visionary 10-year plan to unlock the full potential and contributions of women in the Australian economy. This landmark report, prepared by an advisory group of independent women across the nation, spotlights the barriers women encounter within the Australian economy and offers practical advice for the government to address these critical challenges.

The report's findings emphasise the staggering potential of tapping into the talents and abilities of women, with an estimated AUD $128 billion in economic value at stake. This immense value can be harnessed by dismantling the existing obstacles that hinder women's progress in areas like leadership, participation, pay disparities, and wealth equality. This revelation underscores the pressing need for systemic change and comprehensive reforms to ensure that women can fully participate in and contribute to the workforce, thereby accelerating the nation's economic growth.

Jacqueline Graham, BPW Australia President, applauds the Australian Government's commitment to tackle these pressing issues and take proactive measures to advance gender equality in the workforce. This initiative is a significant milestone in recognising the invaluable contributions women make to our economy and society.

Jacqueline affirmed, "We are thrilled to witness the Australian Government's determination to realise gender equality in the workplace. This report and its recommendations illuminate the extraordinary untapped potential of women in our nation. By dismantling the existing barriers, we can unlock AUD $128 billion in economic value, creating a win-win situation for both women and the Australian economy. This is not just a stride towards economic growth but also a testament to our dedication to gender equality and social justice."

BPW Australia has been working to increase women’s economic participation for more than 75 years. We believe that engaging women as full economic participants, and valuing the output of women’s work, we set the scene for a fully activated workforce building for the future. We wholeheartedly support the government's efforts in implementing the recommendations laid out in the 10-year plan and will actively collaborate with policymakers, stakeholders, and the broader community to ensure these changes come to fruition.

We call upon all Australians to join us in celebrating this remarkable plan and in holding our government accountable for its successful execution. Together, we can forge a more inclusive and prosperous Australia, where women have equal opportunities to flourish in the workforce and to contribute their full potential to our nation's economic growth.

To find out more, go to www.pmc.gov.au/resources/10-year-plan/recommendations


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