Australian Owned, the leading advocate for locally owned businesses, welcomes the Federal Government’s announcement of the White Paper on Defining an Australian Business for Commonwealth Procurement. This landmark initiative is set to shape the future of government procurement, ensuring that truly Australian-owned businesses are prioritised and supported in securing Commonwealth contracts.

This White Paper marks a significant step forward in safeguarding Australian jobs, promoting local manufacturing, and boosting the national economy. By defining what constitutes an Australian business, the government is laying the groundwork for stronger protections against foreign-owned competitors and ensuring that taxpayer dollars are invested in businesses that are truly committed to the nation's prosperity.

"We fully support the Federal Government’s efforts in releasing this White Paper," said Micheal Leighton, Government Relations and Public Affairs Manager of Australian Owned. "This initiative will provide clarity, fairness, and greater opportunities for Australian-owned businesses, ensuring they remain competitive in the global marketplace while supporting the growth of local industries."

Australian Owned has been a strong advocate for the need to better define and protect Australian businesses within the procurement process. This White Paper is a pivotal moment for local enterprises, allowing them to thrive while contributing to national security, economic resilience, and community development.

The organisation is looking forward to collaborating with the Federal Government and stakeholders during the consultation process to ensure the outcomes align with the interests of Australian-owned businesses across all sectors.

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