CCIQ 2011 – 2012 State Budget Submission
Chamber of Commerce and Industry Queensland regards the State Budget as the Government's foremost instrument of economic management within Queensland and will be a pivotal mechanism for the rebuild of our State following the recent natural disasters.
CCIQ’s focus is on budget fundamentals, business assistance to both directly and indirectly affected businesses, infrastructure rebuild and eliminating red tape following the floods and Cyclone Yasi. Our recommendations, if adopted, are designed to assist in the economic recovery and include:
- Provide financial assistance with cash flow and concessional loans to meet debtor obligations and defer tax liabilities for 12 months, for all directly affected businesses, and those businesses indirectly affected from the floods demonstrating financial hardship through lost revenue.
- Implement further marketing highlighting that Queensland is open for business and encourage Queenslanders to buy and holiday locally.
- Implement a Red Tape Reduction & Minimisation Action Plan.
- Implement not just a Queensland Infrastructure Restoration but Enhancement Plan.
- Better utilisation of State regulatory and policy mechanisms to drive increased investment by employers and individuals in education and training.
However, it is troubling to see the continuing burden facing business. These businesses have been the pillar of strength and have done all that is humanly possible to keep staff on, even when revenue did not necessarily warrant doing so.
Over the coming fifteen months, the most significant contribution Queensland businesses will be able to make to the State’s natural disaster and economic recovery will be providing stable and ongoing employment.
We must continue to assist these businesses as they have assisted their employees and their families. The Chambers of Commerce and Industry Queensland submission represents a continuation of this process.