The Queensland Competition Authority (QCA) has announced the release of a new paper highlighting the regulatory burden on the Australian property industry.
In its new report - Measuring and Reducing the Burden of Regulation - the organisation has addressed both local and state-wide regulatory impediments to a sustained recovery in property markets.
Of particular interest to developers and investors alike, the document examines water-sensitive urban design and native vegetation regulation.
Both of these issues can play a key role in future growth for the Australian property sector.
Earlier this month, the Property Council urged the Treasury's Business Tax Working Group to engage more closely with developers to assuage fears over the impact of new proposals regarding corporate tax legislation.
"While the Property Council believes there is value in exploring options for modernising Australia's business tax framework, it cannot support any changes that force taxpayers to breach existing contracts," commented chief executive of the Property Council Peter Verwer.
Posted by Steve Douglas
