Productivity Commission Issues Paper – Data Availability and Use

Productivity Commission Issues Paper – Data Availability and UseThe Property Council of Australia is pleased to provide a submission in response to the Productivity Commission's Issues Paper Data Availability and Use (the Paper).The Property Council is the peak body representing the interests of owners and investors in Australia's $670 billion investment industry.The property industry contributes 11 percent of GDP, employs one in four Australians and comprises over 16 percent of taxation revenues nationally.Despite this, there are glaring gaps in the data currently available about this industry. This has seen state and commonwealth governments implement a number of policies without clear and sufficient justification or evidence of the problem or the impact their intervention is likely to have.Nowhere is this more evident than in recent changes to foreign investment and taxation policy.Download the submission below.