Page 4054 - Week 13 - Wednesday, 26 November 2014

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Economy—performance

MS PORTER (Ginninderra) (11.58): I move:

That this Assembly:

(1) notes:

(a) the underlying strength of the ACT economy and the strong prospects for long-term growth;

(b) the decision by the ACT Government to:

(i) support economic and job growth in the ACT economy;

(ii) invest in a four-year $2.5 billion infrastructure program to provide important facilities and services and boost growth;

(iii) implement stimulus measures to support the ACT building and construction industry;

(iv) support the private sector to grow, create jobs and diversify, particularly through the implementation of the Business Development Strategy;

(v) support innovation in the ACT through the launch of the Canberra Innovation Network;

(vi) encourage investment in the ACT through the creation of a dedicated investment facilitation body, Invest Canberra;

(vii) support key sectors of the ACT economy, notably tourism, construction and higher education; and

(viii) continue reforming taxes by phasing out inefficient taxes that hinder growth and distort investment and consumption decisions;

(c) that Australian Bureau of Statistics figures about unemployment, retail trade, residential building approvals and wages growth indicate the negative impact of ongoing Commonwealth job cuts are having on our local economy;

(d) the decision of the ACT Government to focus on four key areas of investment being health, education, public transport and resolution of the toxic legacy of Mr Fluffy asbestos; and

(e) the likely impact of the Mr Fluffy asbestos buyback scheme on the ACT Budget; and

(2) calls on the ACT Government to:

(a) continue to monitor the impact on our economy of the Commonwealth jobs cuts;

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