QCA issues paper shows large potential savings in industry assistance

The Queensland Competition Authority yesterday released its issues paper for its inquiry into Queensland Government industry assistance. The paper provides an excellent framework for evaluating industry assistance measures. It also highlights a number of costly assistance measures provided by Queensland Government, including:

  • $13 million p.a. for Screen Queensland,
  • $46 million p.a. for the First Start Loan Program (concessional loans to new farmers),
  •  $75 million p.a. for Tourism and Events Queensland,
  • $120 million p.a. in tax concessions for owners of gaming machines and casinos (which seems very peculiar), and, among many more,
  • $110 million p.a. in subsidised electricity prices to regional businesses, mainly farmers and irrigators.

This is a great start for the QCA. What I’d really like to see in the final report is a hit list of programs with strong logical arguments for why they should be cut. I look forward to the interim report at the end of August.

I’ve previously posted on the industry assistance review:

QCA review of Qld Govt industry assistance is great news

Advertisements
This entry was posted in Industry policy and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s