Measuring what matters
The Federal Treasurer, Jim Chalmers, has released the first iteration of the national wellbeing framework that will track our progress towards a more healthy, secure, sustainable, cohesive and prosperous Australia. Going beyond the standard GDP measures normally used to track prosperity, it introduced 5 key themes, supported by 12 wellbeing theme dimensions and 50 underlying indicators to monitor and track progress over time.
The Measuring What Matters Framework (Framework) has five wellbeing themes:
- Healthy: A society in which people feel well and are in good physical and mental health, can access services when they need, and have the information they require to take action to improve their health.
- Secure: A society where people live peacefully, feel safe, have financial security and access to housing.
- Sustainable: A society that sustainably uses natural and financial resources, protects and repairs the environment and builds resilience to combat challenges.
- Cohesive: A society that supports connections with family, friends and the community, values diversity, and promotes belonging and culture.
- Prosperous: A society that has a dynamic, strong economy, invests in people’s skills and education, and provides broad opportunities for employment and well-paid, secure jobs.
Inclusion, equity and fairness are cross-cutting dimensions of the Framework.
These themes of the Framework are supported by 12 dimensions that describe aspects of the wellbeing themes and 50 key indicators, to monitor and track progress, which will be updated over time.
Disclaimer: This does not purport to be comprehensive or to render legal advice. You should not act based on any information contained in this publication without first obtaining specific professional advice. Consult your legal advisor to determine if this applies to you.
