Treasurer Jim Chalmers will announce a fund of up to $900 million for states and territories to improve productivity and competition, in a Wednesday speech urging an all-out effort to tackle one of Australia’s biggest structural economic issues.
States will be able to choose from a “menu of options”, with Chalmers pointing to streamlining commercial planning and zoning, and removing barriers that inhibit the take-up of modern construction methods.
Speaking to business economists, Chalmers will also outline findings from the Productivity Commission’s modelling, which he commissioned, on the impacts of revitalising national competition policy.
