CCIQ Calls on Government to use State Budget to Rebuild Queensland

Wednesday 13 April, 2011 | Tags: State and Federal Budgets

The State Government must use the State Budget as a pivotal mechanism for rebuilding Queensland and its businesses, Chamber of Commerce and Industry said today in its Budget submission. 

CCIQ President David Goodwin said CCIQ’s recommendations focused on supporting businesses in the aftermath of the floods and Cyclone Yasi.

“We want to see more business assistance to directly and indirectly affected businesses, infrastructure rebuilding, a plan to eliminate red tape following the floods and Cyclone Yasi, and an emphasis on budget fundamentals,” Mr Goodwin said.

“Our recommendations, if adopted, are designed to assist Queensland’s economic recovery,” he said.

In its submission, CCIQ recommends the State Government:

  • Provide financial assistance with cash flow and concessional loans to meet debtor obligations and defer tax liabilities for 12 months. This is for all directly affected businesses, and those businesses indirectly affected by the floods or 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 an action plan to reduce red tape.
  • Implement not just a Queensland infrastructure restoration plan but an enhancement plan, too.
  • Use State regulatory and policy mechanisms to drive increased investment in education and training by employers and individuals.

“Businesses needed support now to ensure their survival”, Mr Goodwin said.