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The Housing Industry Association (HIA) is among those who welcome the government’s announcement to cut the red tape that hinders infrastructure progress.
During a speech at the Business Council of Australia’s annual dinner last week, Prime Minister Scott Morrison flagged the removal of business barriers as the next step of the government’s economic reform.
“Our economic plan backs our traditional strengths and it seeks out new opportunities in these more challenging economic time,” Mr Morrison said in his speech.
He has set out to reduce the cost of business by cutting red tape and getting rid of costly and unnecessary regulation and building infrastructure to continue economic growth.
The Prime Minister’s move has been welcomed by the business community, with the Business Council’s chief executive, Jennifer Westacott, saying it will power up the Australian economy.
“Employers are fully behind the Prime Minister’s efforts to reduce the barriers and bottlenecks that are holding back Australian workers. These measures are the right starting point for the deregulation process,” she said.
HIA also welcomes the initiative, saying that infrastructure such as roads and bridges are vital to growing and maintaining housing supply.
“HIA has long argued for the removal of red tape in planning approval processes. It is important that this has been recognised as a priority by the government. The overlap between Commonwealth, state and local government in this space continues to frustrate many projects, adding time, confusion and cost,” industry policy chief executive Kristin Brookfield said.
“Demand for housing remains strong due to our ongoing population growth, and any productivity reforms the government can implement to increase supply are welcome.
“Supporting the housing industry to deliver homes in a timely and affordable way is essential to address the home ownership aspirations of first home buyers, to create jobs and to support a healthy Australian economy.”
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