Mandala Partners：2024年将议会任期改为四年的价值报告（英文版）

It is often argued that four-year terms in Australia would deliver significant economic benefits.1 Currently, the Commonwealth House of Representatives operates on three-year terms, while every state and territory Lower House has already shifted to four-year terms.2 Globally, Australia's federal system is an outlier, with only eight of the 186 countries with active legislatures maintaining terms of three years or less.3 This research note quantifies the potential benefits of shifting from