Fixed four-year terms spell good news for Queensland economy
Small business overwhelmingly supports a move from three-year to fixed four-year terms in Queensland Parliament.
The Chamber of Commerce and Industry Queensland (CCIQ) congratulates both sides of the Queensland Legislative Assembly in passing the Constitution (Fixed Term Parliament) Amendment Bill 2015 and the Constitution (Fixed Term Parliament) Referendum Bill 2015 today.
CCIQ Director of Advocacy Nick Behrens said two in every three businesses support a move from three-year to fixed four-year terms in Queensland to alleviate the negative impacts on the economy during State Election campaign periods.
“The increase in parliamentary terms from three to fixed four years 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.
“By lengthening the parliamentary term, we are shortening the disruption to small businesses.
“Fixed parliamentary terms are beneficial because they provide the private sector certainty about the term of government with guaranteed tenure for the implementation of policies and projects that facilitate better economic growth.”
Mr Behrens said CCIQ urged all Queenslanders, for the sake of the economy and jobs, to support fixed four-year terms for Queensland Parliament in the referendum set for next year.