Government needs to focus on the Queensland economy instead of political funding arrangements: CCIQ

Wednesday 30 October, 2019 | By: Dan Petrie

The Chamber of Commerce and Industry Queensland (CCIQ) has called on the Palaszczuk Government to focus on arresting the state’s alarmingly high level of insolvencies following the release of provisional bankruptcy data from the Australian Financial Security Authority (AFSA), instead of seeking more taxpayer funds to contest elections.  

The AFSA data reveals the bankruptcies in Queensland remain elevated at 1065 for the September quarter amidst a backdrop of the highest unemployment rate in the nation.

CCIQ General Manager of Advocacy, Amanda Rohan said the latest data will not surprise the business community whose collective frustration with the local economy is equally high.

“Sadly the real issues affecting the state’s economy has been overshadowed by a proposed electoral funding reform which will cost taxpayers $35 million and could be better spent investing in the local economy.

“For the average person on the street or small business operator trying to keep their doors open, the Palaszczuk government’s seeking of funding arrangements for an election due in a year’s time runs counter to the real issues facing businesses and communities across the state.

“The CCIQ-Suncorp Pulse survey has provided this feedback time and again; a focus on investment, reducing the compliance burden on the SME sector and a lack of activity continue to weigh down on all parts of the economy,” Ms Rohan said.

According to data compiled from the Australian Bureau of Statistics, private sector investment and hiring intentions in Queensland continue to plummet and lag behind New South Wales and Victoria, whose respective economies have accounted for 70% of overall jobs created throughout Australia in the last 12 months.

CCIQ notes that electoral funding reform has been largely politised in the most recent term of government and has been conducted through the prism of electoral advantage as opposed to a ‘level playing field.’

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