Infrastructure Australia (IA) has released a new report entitled Making Reform Happen: Using incentives to drive a new era of infrastructure reform, which argues that the Federal Government should make additional investments in state and territory infrastructure — over and above existing commitments — in return for the delivery of much-needed reforms. In doing so, IA claims that Australia’s GDP could be increased by $66 billion over three decades if the Federal Government were to adopt five indicative reforms that are well suited to an incentive-based funding approach, namely:
- Introducing road user charging.
- Reforming the urban water sector.
- Reforming the electricity market.
- Reforming land tax.
- Franchising public transport services.
Below are key extracts from IA’s latest report:
