On Friday 19 April, the Property Council’s Queensland Executive Director Jess Caire appeared before Parliament’s Cost of Living and Economics Committee alongside Property Council committee member Moya Steele.
The two appeared before the Parliamentary committee to give industry feedback on the Economic Development and Other Legislation Amendment Bill 2024 which seeks to make changes to Economic Development Queensland’s operating model.
These proposed amendments would change the act in five key ways:
Housing supply, affordability and diversity – Creating additional pathways for EDQ to facilitate the delivery of social and affordable housing while aligning with government targets and priorities
Investment powers – Inclusion of undertaking investment activities in property assets as a function of the Minister for Economic Development Queensland
Place Renewal Framework – Enable EDQ to lead coordinated and integrated urban renewal through a place renewal framework by establishing place renewal areas
Amendments for operational efficiency – Implement measures to deliver operational efficiencies to the Minister’s existing functions
EDQ’s corporate structure – A Chief Executive Officer and Board will be appointed to EDQ. The board will consist of a department representative, the Queensland Under-Treasurer and up to six non-government members with expertise relevant to the work EDQ undertakes.
You can read the Property Council’s submission on the bill here.