Keeping unemployment at record low levels will be the first topic of discussion at the jobs and skills summit next week.
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The unemployment rate fell to 3.5 per cent in July, according to official jobs data released last week, with more jobs now available in Australia than unemployed people to fill them.
Australia's migration program will also feature prominently on the two-day agenda, with the possibility of raising the cap for skilled migrants and visa processing backlogs surfacing as key issues in the lead up to the event.
Growing wages "sustainably" will also be discussed. This follows subdued wage figures for the last quarter that showed Australian pay packets falling well behind the rising cost of living.
The draft program will also cover the job-creating potential of the energy transition and outline the mega-trends shaping the jobs of the future.
Australia's bargaining system and opportunities to boost workforce participation will also be discussed.
The summit will feature keynote addresses from Grattan Institute head Danielle Wood and economist and climate expert Ross Garnaut.
The government claims to have spoken to "hundreds if not thousands" of people at summits and roundtables ahead of the event.
"We know we can't solve every problem in two days and we've never pretended we could," Treasurer Jim Chalmers said.
"The summit is a big step but it's just one step."
The summit - a Labor election promise - aims to address Australia's economic challenges and will bring together about 100 representatives from the business, union and community sectors.
Opposition Leader Peter Dutton will not attend, but Nationals leader David Littleproud plans to sit in to ensure rural and regional interests are represented.
Deputy Liberal leader Sussan Ley says the Labor government is "not a friend" of business.
"Their instincts are to always back what the unions want first," Ms Ley said in a speech to business leaders on Tuesday.
The opposition has been calling for pensioners and veterans to be allowed to work more before their payments are reduced as a solution to labour shortages.
Australian Associated Press
