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New Study into Regional Economies

A new Productivity Commission study into Regional Economies is being welcomed by Nationals Leaders Barnaby Joyce and Fiona Nash.

The study will complement current initiatives and continue to “grow and diversify regional economies,” the Ministers said.

“I hope the Productivity Commission shoots a few sacred cows, for instance – should frogs stop the development of dams in regional Australia?

“The Nationals have been driving an agenda to empower the regions, which are the engine room of the Australian economy,” Minister Joyce said.

But how will the study affect you? Vote in Flow FM’s poll below!

Minister Nash also commented on the Productivity Commission, saying:

“Regional Australia is responsible for 67 per cent of our exports, 45 per cent of domestic tourism, most production of food, and all production of the gas and electricity which powers city households.

“Regional Australia supplies the milk which city people put on their breakfast, the cheese which goes on their toast, the toast itself, the meat and vegetables most people eat for dinner and the fruit and cream they have for dessert, as well as most materials for the house they’re eating it in.

“Investing in regional Australia is like maintaining your car’s alternator. You can ignore the alternator but if it stops working, your battery won’t charge and your car won’t start,” she said.

Current initiatives include:

  • Ten Regional Jobs and Investment Packages worth $220 million – Cairns, Bowen Basin, Wide Bay/Burnett, NSW North Coast, NSW South Coast, Geelong, Goulburn Valley, Latrobe Valley, Upper Spencer Gulf and regional Tasmania. These packages engage local committees to choose forward looking priority industries in their regions and we then fund projects which match those priorities
  • The Building Better Regions Fund: A $297 million fund for regional infrastructure and community projects. Only areas outside of capital cities are eligible for this fund
  • Investing $594 million to begin work on the Inland Rail, linking Brisbane to Melbourne and reducing costs for farmers
  • $2.5 billion National Dams Programme to create new water storages and kick start new economic growth in the regions
  • Delivering new mobile coverage to 31,000 homes and businesses across 86,000 square kilometres via 765 new or upgraded mobile phone towers
  • Rolling out broadband internet to rural, regional and remote Australia – 70 per cent of the NBN roll out so far is in regional areas
  • Implement a new competition law “effects test” to better protect small businesses in the marketplace to ensure a level playing field
  • Delivering a $152 million Regional Education Package to improve access to education for rural and remote students
  • Establishment of a Rural Health Commissioner
  • Creation of a Rural Generalist Pathway which will train and recognise country doctors who have much broader skill sets than the average GP

Flow FM will continue to keep you updated with the results of the study.