Context

Victoria needs to overcome a range of challenges and then leverage available opportunities to achieve the Playbook’s vision. Many of these challenges and opportunities reflect longer-term trends and broader societal and economic shifts. We identified five themes that reflect this change, which you can explore further below.

References

¹ Parliamentary Budget Office. 2021. Victorian 2021-22 Budget Update – Independent Snapshot. https://www.pbo.vic.gov.au/Victorian_2021-22_Budget_Update_-_Independent_Snapshot

² Universities Australia. 2021. 17,000 Uni Jobs Lost to Covid-19. Media Release 3 February 2021. https://www.universitiesaustralia.edu.au/media-item/17000-uni-jobs-lost-to-covid-19/

³ Department of Jobs, Precincts and Regions. 2021. Victoria’s Visitor Economy Factsheet: Latest Performance Results – Year Ending September 2021. https://business.vic.gov.au/__data/assets/pdf_file/0009/2041866/Victorias_Visitor_Economy_performance_infographic_YESep21.pdf

4 Australian Institute of Health and Welfare. 2022. Mental Health Services in Australia: Web Report 1 February 2022. https://www.aihw.gov.au/reports/mental-health-services/mental-health-services-in-australia/report-contents/mental-health-impact-of-covid-19

5 Parliamentary Budget Office. 2021. Victorian 2021-22 Budget Update – Independent Snapshot. https://www.pbo.vic.gov.au/Victorian_2021-22_Budget_Update_-_Independent_Snapshot

6 Premier of Victoria. 2022. Commercial Tenancy Support Extended. Media Release 15 January 2022. https://www.premier.vic.gov.au/commercial-tenancy-support-extended

7 Treasurer of the Commonwealth of Australia. 2021. Supporting Victorian Businesses Through to Reopening. Joint Media Release 30 September 2021. https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/supporting-victorian-businesses-through-reopening

8 Australian Institute of Health and Welfare. 2021. Australia’s Youth: COVID-19 and the Impact on Young People. Web Article 25 June 2021. https://www.aihw.gov.au/reports/children-youth/covid-19-and-young-people

9 Australian Bureau of Statistics. 2021. Labour Force, Australia, Detailed. Table 5. Cat 6291. 

10 Victorian Government. 2017. Independent Review of the Electricity & Gas Retail Markets in Victoria. https://www.energy.vic.gov.au/__data/assets/pdf_file/0030/79266/Retail-Energy-Review-Final-Report.pdf

11 Commonwealth of Australia. 2021. 2021 Intergenerational Report. https://treasury.gov.au/sites/default/files/2021-06/p2021_182464.pdf

12 Department of Industry, Science, Energy and Resources. 2021. Australian Energy Update 2021. https://www.energy.gov.au/sites/default/files/Australian%20Energy%20Statistics%202021%20Energy%20Update%20Report.pdf

13 Duke, J. 2021. Victorian Population Shrinks by Size of Wodonga as Pandemic Exodus Hits. The Sydney Morning Herald. 16 September 2021. https://www.smh.com.au/politics/federal/victorian-population-shrinks-by-size-of-wodonga-as-pandemic-exodus-hits-20210916-p58s6w.html

14 Australian National University. 2021. Australia Last in Global Gender Pay Gap Reporting Scorecard. News Article 1 October 2021. https://www.anu.edu.au/news/all-news/australia-last-in-global-gender-pay-gap-reporting-scorecard

15 Reserve Bank of Australia. 2021. The Labour Market and Monetary Policy. Speech by Philip Lowe, Governor, 8 July 2021. https://www.rba.gov.au/speeches/2021/sp-gov-2021-07-08.html

16 Australian Bureau of Statistics. 2021. Research and Experimental Development, Businesses, Australia 2019-20 Financial Year. https://www.abs.gov.au/statistics/industry/technology-and-innovation/research-and-experimental-development-businesses-australia/latest-release

17 Reserve Bank of Australia. 2021. The Labour Market and Monetary Policy. Speech by Philip Lowe, Governor, 8 July 2021. https://www.rba.gov.au/speeches/2021/sp-gov-2021-07-08.html

18 Australian Bureau of Statistics. 2021. Research and Experimental Development, Businesses, Australia 2019-20 Financial Year. https://www.abs.gov.au/statistics/industry/technology-and-innovation/research-and-experimental-development-businesses-australia/latest-release

19 Commonwealth of Australia. 2021. 2021 Intergenerational Report. https://treasury.gov.au/sites/default/files/2021-06/p2021_182464.pdf

20 The World Bank. 2018. Urban Population (% of Total Population). https://data.worldbank.org/indicator/SP.URB.TOTL.IN.ZS

21 IBISWorld. 2022. Level of Urbanisation. Business Environment Profiles – Australia: 29 January 2022. https://www.ibisworld.com/au/bed/level-of-urbanisation/25029/

22 Sydney Business Insights. 2022. Economic Power Shift. https://sbi.sydney.edu.au/megatrends/economic-power-shift/

23 Department of Industry, Science, Energy and Resources. 2020. Australia’s Emissions Projections 2020. https://www.industry.gov.au/sites/default/files/2020-12/australias-emissions-projections-2020.pdf

24 TAFE Victoria. 2020. Victorians Continuing to Win with Free TAFE. https://www.education.vic.gov.au/Documents/training/2020-Free-TAFE-report-card.pdf

25 Invest Victoria. 2022. Opportunities/Edtech. https://www.invest.vic.gov.au/opportunities/edtech

26 Economist Intelligence Unit. 2021. Global Liveability Ranking. https://www.eiu.com/n/campaigns/global-liveability-index-2021/

27 Victorian Government. 2021. Victorian Budget 2021/22 Budget Update. https://www.dtf.vic.gov.au/sites/default/files/document/2021-22%20Budget%20Update.pdf

28 Invest Victoria. 2022. Opportunities/Research & Development. https://www.invest.vic.gov.au/opportunities/research-and-development/victorian-research-and-development

29 Invest Victoria. 2022. Opportunities/Digital Health. https://www.invest.vic.gov.au/opportunities

30 Invest Victoria. 2021. Victoria to Become Home of mRNA Vaccine Manufacturing. News Article 14 December 2021. https://www.invest.vic.gov.au/news-and-events/news/2021/december/victoria-to-become-home-of-mrna-vaccine-manufacturing

31 Global Victoria. 2022. Victoria’s Capabilities/Industry Sectors/Digital Technologies. https://global.vic.gov.au/victorias-capabilities/industry-sectors/digital-technologies/cloud-technology 

32 Premier of Victoria. 2020. Making Victoria a Renewable Energy Powerhouse. Media Release 24 November 2020. https://www.premier.vic.gov.au/making-victoria-renewable-energy-powerhouse