Page 3378 - Week 11 - Tuesday, 12 October 1993
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Economic Priorities Advisory Committee of the ACT has focused on a range of relevant issues, including costs to business of government charges and regulations. EPACT examined the business environment most recently in its Business Development Strategy which I tabled in the Legislative Assembly on 18 May 1993.
(4) My address to the Legislative Assembly on 18 May 1993 in which I tabled the
Business Development Strategy prepared by the Economic Priorities Advisory
Committee of the ACT also included a comprehensive statement of initiatives the
Government has introduced to assist business.
In the 1993-94 Budget, the Government announced further initiatives that directly address the needs of business. These include:
funding has been provided to assist industry to locate or expand here where relocation would not otherwise occur and the Territorys interests will be served;
an international hotel school will be established at the Kurrajong Hotel and the 1993-94 Budget provided $12 million for this purpose; and
the A.C.T. Tourism Development Unit received continued funding to assist in the staging of major events.
Taken together, the initiatives I announced in the Budget and those that have been in place for some time provide a clear signal to the A.C.T. business community of the Governments commitment to further improving the business climate in the Territory.
(5) The Government views "business development" in the broader context of
economic development. It also recognises the importance of the link between
overall economic performance and the ACTs ability to achieve desirable social
outcomes, such as the creation of employment.
This approach is clearly reflected in the activities of the Economic Development Division of my Department and I see no advantage in having a separate portfolio for the function.
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