BCA tells Abbott to rethink pork

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Sense from the business peak body today in seeking to push back the pork:

The Business Council of Australia has called on the Abbott government to scrap plans to potentially muzzle and water down the independence of Infrastructure Australia, the leading public advisor on nation-building projects.

The council, which is playing a major role in the government’s audit commission, insists planned changes to Infrastructure Australia must ensure it remains free of political interference.

The BCA push, in a submission released on Monday, supports the head of Infrastructure Australia, Michael Deegan, who blasted Deputy Prime Minister Warren Truss last month for proposed changes that would give him ministerial power to dictate entire classes of projects to be spared from the advisory body’s scrutiny.

The better the infrastructure investment, the greater the productivity dividend, the less wages will need to correct in the post mining adjustment.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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