Submission to Productivity Commission inquiry

The Queensland Productivity Commission’s inquiry into the state’s manufacturing sector provided the Property Council with the opportunity to outline the economic importance of a streamlined land use planning framework and competitive tax and statutory charges framework.

The Property Council’s submission to the inquiry’s interim report provided support for QPC’s draft recommendation for the Queensland Government to reform the state tax system by removing or reducing transactional taxes like stamp duty. The Property Council also outlined how the State’s Land Tax regime is creating a drag on economic growth.

Requirements for an adequate supply of well-serviced industrial land, streamlined development assessment processes, and a competitive infrastructure charges regime were also articulated in the Property Council’s submission.

A final report from QPC is expected to be released on 31 October 2017.