Brands can apply to use the Australian Fashion certification via the Australianfashion.org website and must be able meet at least two of the following criteria: the demonstration of a contribution to jobs and the local economy; having majority Australian employees, and by being Australian-made, Australian-owned or Australian tax-domiciled.
“More than a trademark, this is an opportunity to showcase the best of Australia’s fashion talent,” said Australian Fashion Council chief executive officer Leila Naja Hibri. “When Italian fashion is mentioned, we immediately visualize a distinct brand identity of quality and elegance. In a similar way, we have now identified four key pillars that distinguish Australia’s Fashion DNA: effortless style, raw nature, boundless optimism and fearless innovation.
According to the report, the implementation of all policy recommendations would deliver an additional 10.8 billion Australian dollars, or $7.8 billion at current exchange, in economic gain over the next 10 years, to create a 38 billion Australian dollar, or $27 billion, industry by 2032, with an additional 86,000 jobs created. The industry’s contribution to GDP would, moreover, move from 1.5 percent in 2021 to 2.12 percent by 2032, a 41 percent increase over the decade.
Ernst & Young’s first report for the AFC, “From High Fashion to High Vis,” released in May 2021, revealed that the Australian fashion and textiles sector contributes 27.2 billion Australian dollars, or $21 billion at May 2021 exchange, to the Australian economy, equal to 1.5 percent of GDP and had generated 7.2 billion Australian dollars, or $6 billion, in export revenue over the previous 12 months, more than double the value of Australia’s wine and beer exports.
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