Key events
Tom McIlroy
Chalmers talks up faster approvals processes as productivity boost
Ahead of delivering his fifth budget tomorrow night, Jim Chalmers says the government’s moves to fast track approvals for priority projects is a key productivity measure for the country.
Our big productivity push is all about getting compliance costs down and cutting red tape, making it easier and faster to build, and making Australia a more attractive place to invest and that’s what we’re doing through the EPBC.
We’re fast-tracking approvals to build more homes for Australians.
More efficient approvals mean projects get off the ground quicker and Australians get into homes sooner.
Budget to include $500m for faster environmental approvals
Tom McIlroy
Tomorrow night’s federal budget will include $500m in new funding for faster approvals for housing, energy and critical minerals projects, part of changes to national environment laws.
The government will also provide funding to states and territories to speed up environmental assessments around the country.
As part of the plans, $105.9m will be spent over four years to provide better access to information needed for approvals, including using AI to better access environmental data.
Labor passed major changes to Environment Protection and Biodiversity Conservation Act last year, and sluggish approval times have been identified as a key area of delays across the economy. The environment minister, Murray Watt, says:
Now, this new funding will put those laws to work, unlocking major projects and helping proponents get a faster yes or a faster no.
That’s a win-win for our economy and our precious natural environment.
Krishani Dhanji
Good morning, Krishani Dhanji here with you. Friends, it’s budget week, and it has come very quickly if you ask me!
We’re getting a few final announcements from the government before Jim Chalmers hands down his budget tomorrow. That includes some money to speed up environmental approvals to boost productivity (more on that in a moment). Of course, all the big-ticket items – including reforms to capital gains tax, negative gearing and trusts, have already been out for weeks.
Saturday’s byelection has (as many have commented) created huge waves across Canberra, and there will be plenty of reaction to it – and its impacts – today.
Stick with us, it’s going to be a huge day.
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