Turnbull’s secret political advisor
Is Malcolm Turnbull getting his political advice from a hush-hush literary source? Vision courtesy ABC News 24.
Prime Minister Malcolm Turnbull has sought business advice from another PM: Possum Magic.
On Tuesday morning Mr Turnbull’s Instagram account posted a photo of the PM surrounded by children as he read the Mem Fox classic that tells the tale of a young possum named ‘Hush’ who was made invisible to protect her from the dangers of the bush.
“General consensus is that it’s good to be agile but not to be invisible as Grandma Poss and Hush found out,” Mr Turnbull captioned the image.
Prime Minister Malcolm Turnbull and his wife Lucy greeted by BCA President Catherine Livingstone at the Business Council of Australia annual dinner. Photo: Wolter Peeters
It was the same message the PM delivered to Australia’s business community on Tuesday night.
The dangers of a disruptive age must be met with agility and innovation.
“What we need is a change to the culture that recognises that in an age of rapid, unprecedented change, in an age of disruption, in an age of transition, we need to be thoroughly agile,” Mr Turnbull told the business leaders gathered in the Grand Ballroom of the Hilton Hotel.
Possum Magic by Mem Fox.
“Change is rapid. We’ve got to treat volatility as our friend,” Mr Turnbull said.
“In a disruptive age of rapid change deference if overdone can be death from a corporate point of view … there is no room for complacency,” he said.
Just as Hush was made visible as she feasted on Pavlovas and lamingtons, in Possum Magic. Innovation and Asia’s “extraordinary economic growth” would be the sustenance of the Australian economy, Mr Turnbull told business leaders as they ate Tasmanian Salmon and Passionfruit tart.
“As China moves to a more conventional share of consumption of their GDP that opportunity for us is simply gigantic,” he said.
But in order to take advantage of this opportunity, Mr Turnbull said “we need to have a much more competitive economy. We need to be vastly more agile and adaptive”.
His own leadership team should be “thoroughly pragmatic”, and “committed to growth”, as the PM said he was keen to capitalise on renewed business confidence that came with the Liberal leadership change.
“We are expected to govern, we are expected to deliver. Ideology is no substitute for results,” Mr Turnbull said.
“Businesses should not be afraid to invest because of some perceived political risk,” he said.
Echoing his comments during an economic address in Melbourne on Thursday morning, the PM stressed any changes must “be seen to be absolutely fair,” flagging changes to taxation, and the need to inspire public support in reform.
The goal was an economy that was “open to opportunity but thoroughly fair. That backs and encourages those who want to get ahead but also looks after those who for one reason or another are not able to,” he said.