The Crisafulli Government in Queensland has just dropped its state budget this week, with the Australian Industry Group welcoming one key aspect of the new fiscal policy: no new taxes or charges were introduced.
According to Ai Group, the state government has focussed on budget repair, whilst delivering on programs promised in the election campaign last year.
"The Australian Industry Group has called for the Queensland Government to support businesses of all sizes by streamlining regulation and charges," the national employer association's Queensland head, Michelle Farquhar, said.
"It is pleasing to see there are no additional taxes or charges, despite the fiscal challenges the Government is facing.
"While royalties are forecast to decline in coming years, the state has enjoyed exceptional income from the mining sector so far this decade.
"A more diverse and dynamic state economy could provide a more sustainable pathway for prosperity, rather than relying on royalties and traditional industries.”
While there were no notable policies targeting retailers, much of the key aspects of interest are select cost-of-living measures.
This includes $100 back-to-school vouchers for families and a $200 ‘Play On!’ voucher supporting the next generation of athletes. There is a new four-year $20 million ‘Returning to Work’ package to offer practical assistance to women seeking to transition back into the workforce after having children, caring for family or illness.
There are also measures to battle electricity prices, including $3,500 grants for solar panels to ease electricity bills for tenants, and electricity rebates for vulnerable households.
The Queensland budget is also set to reduce the cost of public transport with permanent 50 cent fares across the entire Translink network.
“This budget is delivering the foundation for a fresh start for Queensland,” Premier David Crisafulli said.
“We are delivering a plan to restore safety where you live, delivering a plan to restore health services when you need them, delivering a better lifestyle through a stronger economy and delivering a plan for Queensland’s future.
Treasurer David Janetzki said the Budget charted a path to budget repair while delivering on election commitments for the services, programs and infrastructure Queensland needs.
“We promised a calm and methodical approach to the budget, to begin the challenging task of budget repair, and develop a plan to improve the lives of Queenslanders,” Janetzki said.