The range of industry assistance measures covered by this inquiry is broad and could include government subsidies, taxation revenues foregone, purchasing preference schemes, underpricing of access to government-owned assets or services, and regulations that restrict competition or innovation. Options for reform are potentially wide-ranging, but with a clear focus on improving the economic impact of Queensland industry assistance.
Developing and applying a performance assessment regime will be a large task and may require developing priorities for review and recommended reforms.
Stakeholder consultation will form a large part of the QCA’s consideration of this matter, including what industry assistance is, how its impact should be assessed, and how it can be targeted to improve Queensland’s economic growth and productivity.
An issues paper was published on 11 April 2014, to help stakeholders prepare better informed and targeted submissions.
11 submissions were received on the Issues Paper.