Brisbane hearing of inquiry into two pillars (ag and resources) today

The public hearing for the Inquiry into Queensland’s Agriculture and Resource Industries in Brisbane today looks very interesting, and I will try to get along to one or two of the sessions, particularly the sessions with the Resources Council and the Environment Department. It will be interesting to see if there is any common ground between them, especially given the potential gains from reforms to environmental regulations affecting mining are large. As noted by the Office of Best Practice Regulation in its recent Interim Report on the Burden of Regulation:

The minerals industry considers that mining and environmental approvals are complex, inconsistent and poorly administered. Approval delays and obligations have grown substantially in recent years…

CIE estimates that the net present value of gains to Queensland would be approximately $2 billion or $125 million per year.

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