Legislation to create a new Queensland Productivity Commission has passed State parliament.
Treasurer David Janetzki said the new Commission would aim to cut unnecessary red tape and encourage innovation, with its first task a review the State’s building and construction industry.
Treasurer Janetzki said the new body was a key step to restoring productivity, improving living standards and driving economic growth.
“The Productivity Commission will research solutions for pressing economic challenges facing Queensland and provide the Government with advice and recommendations to address those key issues.,” he said.
“The first order of business will be to undertake a comprehensive review of Queensland’s construction sector in the wake of revelations Best Practice Industry Conditions were adding up to 25 percent to the cost of major projects.”
Treasurer Janetzki said the Commission would also deliver Queensland’s first Intergenerational Equity Report, outlining the key issues Queenslanders faced across generational lines, and the long-term policy solutions needed.
He said an independent Productivity Commission was crucial to secure the State’s economic future.
“We need to cut unnecessary red tape to encourage creativity and innovation and build a highly skilled public service to deliver better and more services.
“The Productivity Commission model has been proven to have a real impact on government-led economic improvement both at a national level and in other states.”
Treasurer Janetzki said the Commission would officially be established upon the commencement of the Queensland Productivity Commission Act 2025, with appointments to be announced shortly.
He said the Bill supported the transition of existing staff from the Office of Productivity and Red Tape Reduction within Queensland Treasury to the new Commission.
