We have been asked to investigate the effectiveness of Queensland Government industry assistance measures and their contribution to the State's economic performance and productivity. The review will:
Identify the industry assistance measures in place,including objectives, administration and funding
Develop and apply a performance assessment framework to evaluate the effectiveness of assistance measures
Propose options to reform current assistance measures.
The range of industry assistance measures covered by this inquiry are broad and could include government subsidies, taxation revenues foregone, purchasing preference schemes, underpricing of access to government-owned assets or services or regulations that restrict competition or innovation.
Options for reform are potentially wide-ranging, but with a clear focus on improving the economic impact of industry assistance in Queensland.
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