CCIQ says small business supports fixed four-year terms
Queensland small business overwhelmingly supports a move to fixed four-year terms as it alleviates the disruption and negative impacts on the economy during State Election campaign periods.
Chamber of Commerce and Industry Queensland (CCIQ) Director of Advocacy Nick Behrens said two out of every three businesses indicated they back a move from three-year to fixed four-year terms.
“The increase in parliamentary terms from three to fixed four-year terms minimises the decline in consumer spend associated with an election and also enables the government sufficient time to facilitate good, long-term economic planning,” he said.
“The stop-start growth associated with elections leads to job creation and investment being delayed, as businesses wait to see the outcomes of the election before proceeding.”
Mr Behrens said 78 per cent of businesses considered there was a negative impact on the Queensland economy as a result of State Elections and the campaign periods.
“Elections hit small business hard, dramatically reducing consumer spend, delaying major infrastructure projects that cascades economic benefit and adding to uncertainty associated with government economic and fiscal policies,” he said
“Quite simply, by maximising the parliamentary term, we are minimising the disruption to small businesses.
“The fixed term component is equally important as it provides the private sector with certainty about the term of government with guaranteed tenure for the implementation of policies and projects that facilitate better economic growth.”
“CCIQ is of the view that if Queensland were to adopt fixed terms, business would be able to plan around a State Election and make major project and investment decisions with greater confidence.”
Mr Behrens said CCIQ urged Queenslanders, for the sake of the economy and jobs, to support the Yes campaign for fixed four-year terms for Queensland Parliament in the referendum on March 19.
Watch CCIQ's Nick Behrens and the Queensland Council of Unions General Secretary Ros McLennan discuss the YES campaign outside City Hall, Brisbane, on Monday, March 7.