- Crisafulli Government takes action to restore productivity to worksites and to Queensland economy with new Queensland Productivity Commission.
- The first task of the Commission is to put Labor's CFMEU Tax under a microscope with a review of Queensland's building industry.
- Establishment of Queensland Productivity Commission delivers on key commitment from 100 Day Plan.
The Crisafulli Government will restore productivity to Queensland building sites, with the establishment of the Queensland Productivity Commission in laws introduced to the Parliament today.
The Productivity Commission will research solutions for pressing challenges facing Queensland across the economy and provide the Government with advice and recommendations for policy issues.
Labor abolished the previous Productivity Commission in 2021, leaving Queensland without the independent analysis and investigatory powers designed to boost the state's economy.
Restoring the Productivity Commission will help deliver on a commitment to restore respect for Queenslanders' money and drive down cost of living pressures.
The Productivity Commission's first order of business will be to undertake a comprehensive review of Queensland's construction sector in the wake of revelations Best Practice Industry Conditions were adding up to 30% to the cost of major projects.
Treasury modelling has also exposed productivity losses made up the majority of cost increases to major projects.
The Commission will also deliver Queensland's first Intergenerational Equity Report, outlining the key issues Queenslanders face across generational lines, and the long-term policy solutions needed.
Queensland Treasurer David Janetzki said the Queensland Productivity Commission was part of a Fresh Start for Queensland and crucial to securing the state's future.
"Productivity underwrites prosperity and we must return it to Queensland to drive-down costs across industry and around the kitchen table," Treasurer Janetzki said.
"If we don't reverse the productivity purge in Queensland, it is businesses and families who will pay the price.
"The Productivity Commission will identify opportunity and bolster our state's economy.
"We cannot afford the cost of building sites remaining at a standstill, which is why the first order of business will be a review of the building industry.
"Labor's CFMEU Tax will be put under the microscope to restore productivity to worksites.
"The Government has already announced a pause on BPIC while this review is completed, which is why I will be tasking the Productivity Commission with delivering a report in mid-2025.
"After a decade of stagnation under Labor, Queensland can't afford to kick the can down the road any longer on productivity, which is why the Crisafulli Government has acted."
