The Property Council has recently provided a submission to the Queensland Competition Authority (QCA) on the Draft Catalogue of Assistance Measures for the review into Queensland Government industry assistance.
The Draft Catalogue is an appendix of all industry assistance measures implemented by State Government departments and the purpose of these programs, within broad categories.
The submission stresses the economic importance of a number of measures that have been captured in the catalogue, including:
Home buyer concessions
Transfer Duty on residential property, and
The Priority Development Infrastructure Co-investment Program
These programs are crucial to the continued contribution of the property industry to the Queensland economy, and the Property Council would support the QCA’s consideration of their full value during the ongoing review.