The Business Council of Australia has made a submission to the Productivity Commission Study of Major Project Development Assessment Processes.
In the submission, we recommend that the commission should:
- establish where approvals processes in Australia add costs that are not necessary to achieving the required outcomes of regulation
- consider the cost of the totality of Australia’s major project approvals from the perspective of the project owner, including development assessment, environmental approval, licensing and permits and enterprise bargaining agreements
- compare Australia with international best practice and identify reforms to approvals processes that will enhance Australia’s competitiveness.
The study findings should lead to reform of Australia’s major project approvals processes so that they meet policy objectives in a way that imposes lowest economic cost.