Reform overhaul to put rocket under productivity

With the country already experiencing a peak in major projects, Infrastructure Australia chief of policy and research Peter Colacino said the industry needed to reform in order to meet the looming pipeline of projects. “The industry can’t deliver the scope of work unless it adopts the change,” he said. “We’ve pointed to things that are proven, have delivered productivity gains elsewhere, are well evidenced in terms of what we’re putting forward. These aren’t unproven solutions.”

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Taking the big smoke to the bush

“Not by a decentralisation policy where we shift public servants from government agencies out into country towns. But where we flip that model, identify the unique competitive advantage of the region, and use that to attract people … but also businesses who are keen to relocate if we get the infrastructure piece right.”

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‘Payroll tax squeezes the life out of sector’

On a federal level Mr Tan said that Treasurer Josh Fydenberg needed to engage with the sector and be guided by them on policy. “Let us show you where the opportunities are and how policy can really help the sector but also very much harm the sector and let us give you some ideas that can help the sector and the economy and the country all at the same time,” he said. “We are trying to solve big problems and sometimes the rules aren’t very clear about what you can and can’t do.”

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Rinehart’s fear: Don’t strangle our Olympics

In a rare interview, Ms Rinehart, who sponsors four of Australia’s Olympic sports, insisted that for Brisbane to fulfil its potential as the 2032 Games host, investors must be given a way to saw through the governmental red tape she believes has stalled many crucial business opportunities in Queensland. “I really enjoy being involved but the parents are the real heroes because they have been there since the journey began,’’ she said. Ms Rinehart has promised to continue her support beyond this Olympics.

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Brickworks slams IMF carbon tax

“(Australian governments) are into the rule book to try and find out how they can stop you doing what you want to do, or try and delay you, whereas in America, representatives of the governor will come and see you and ask you how they can help,” he explained.
“We need to be prepared to relax the regulations so companies can function. It’s just too onerous at the moment, and very difficult for companies to invest in Australia,” he added.

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Approvals reform can protect natural assets & boost economy

The Minerals Council of Australia estimates that the EPBC process can cost companies developing greenfield resource projects up to $47 million every month. Professor Samuel recommended the job-destroying duplication should be addressed by improving, strengthening, and streamlining the capacity of the Federal Government to delegate approval functions to State governments.
It’s time to get on with reforms to better protect natural assets and deliver a needed boost for our economy.

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McGowan backs PM over red tape Bills

Mr McGowan said his government had called for proposed changes 18 months ago.
“We support this legislation and WA continues to work with the Commonwealth to progress a bilateral agreement for approvals which will maintain environmental standards and reduce red tape,” he said.
“Since (originally calling for the changes) the State has been implementing initiatives to remove red tape while retaining the highest environmental standards for all applicants.”

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Australia’s Competitiveness Levels Are The Lowest In 25 Years: CEDA

Despite the Australian economy responding positively to the COVID-19 pandemic and experiencing a V-shaped recovery, the report suggests that there is an urgency to rebuild economic competitiveness through increasing digitisation and reducing tax burdens.

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Unilever to invest $175.4 mln in Indonesian special economic zone

The fast-moving consumer goods giant plans to expand its oleochemical factory, which can hire 600 new workers directly and potentially create 6,000 new jobs “indirectly”, Arif Hudaya, finance director at PT Unilever Indonesia, said in a statement.

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Townsville Enterprise calls for cut in red tape for mining

“It’s important we work together with government and industry to ensure that we have a true partnership in terms of cutting red tape, finding investment opportunities in common user infrastructure and making sure the supply chain is ready for those junior miners coming through.

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