It’s not surprising to hear that Australia’s tech sector is excited about Prime Minister Turnbull and his strategy to harness our country’s innovation. They are not alone, the CE industry is more than happy about the change from Tony Abbott because it will likely increase consumer confidence and therefore sales.

Malcolm Turnbull

Leading Appliances national group manager, Nicholas Fry appeared to echo the thoughts of the community when he told Appliance Retailer this morning that, “Whilst having five Prime Ministers in the past five years is unsettling and disruptive to social and economic cohesion, I am very hopeful, and somewhat confident, that the appointment of Turnbull will put an end to this instability for some time and we can all get on with business in a positive and assured manner,” he said.

Betta Home Living CEO, Graeme Cunningham added, like many industry leaders that the company didn’t comment on politics, but did say, “I think the key to the retail industry and also for any government at present is consumer confidence.”

Vision for tech and business

In announcing his leadership challenge to Tony Abbott on Monday, Turnbull touched on his vision for an economy that embraced tech and business reform.

“We have to recognise that the disruption that we see driven by technology, the volatility in change is our friend, if we are agile and smart enough to take advantage of it,” he said.

Start-ups have also expressed their hopes for a Turnbull government to promote the field by introducing a ministerial portfolio (such as digital disruption minister) or increasing government investment in start-ups.

Good news, says ANRA

Retail Council CEO Anna McPhee said that, “Prime Minister Turnbull’s commitment made yesterday to provide economic leadership to support strong business confidence is welcome and we look forward to hearing more from the Prime Minister with regards the Governments priorities and agenda.”

“For the Retail Council, part of a sector that employs 1.25 million Australians, a strong economy is a priority and should be the basis of action on tax reform, workplace relations and deregulation, to drive improved consumer and business confidence.

“We look forward to working with Prime Minister Turnbull and his Government to achieve public policy and reform that will boost productivity, support employment growth, foster a competitive environment and ultimately make the economy stronger,” McPhee said.