static image

NSW Productivity Commission to drive investment and growth

"The announcement today by the NSW Treasurer, Dominic Perrottet, of the creation of a State Productivity Commission should contribute to making the State a better place to do business," the Head of Ai Group NSW, Mark Goodsell said today.

"NSW needs a framework for generating wealth and jobs beyond the infrastructure build that is currently dominating the State's economy. Now is the time to do the thinking, not when the projects come to an end and a well-focused state PC would be well-placed to drive such an approach.

"As well as helping us to better understand the economics behind our ability to address pressing community issues, a NSW Productivity Commission would shine a light on costly regulation and help make it easier to do business in the State. Business surveys consistently rank regulatory burdens, particularly those that are duplicated, overly complex, unnecessary and outdated, as ongoing impediments to investment and employment.

"Areas which Ai Group would like to see high on the NSW PC agenda would include:

  • Identifying a path to a world-leading approach to vocational education in NSW.
  • Considering how to structure the NSW tax system in a way that best encourages employment, investment and community well-being.
  • Identifying key opportunities to lift the cost-effectiveness of NSW regulation and the quality of our regulatory agencies.

"The Treasurer today also discussed the system of federal incentive payments to drive state infrastructure development. This has been successful in the past and it is worth looking at a similar scheme to drive overdue regulatory reform.

"Our federated system of government sometimes means the states don't make necessary decisions because the benefits will flow to the Commonwealth, or vice versa. Well-designed incentive arrangements can help address that imbalance," Mr Goodsell said.

Further comment: Mark Goodsell – 0418 408 871