Productivity summit gaslights on housing

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The second day of the Canberra productivity roundtable will reportedly debate how to reduce the backlog of development projects awaiting environmental approval.

Danielle Wood, chair of the Productivity Commission (PC), will address roundtable attendees in the morning in her session titled “Better Regulations and Approvals”. Her speech is likely to illustrate how environmental approvals slow down housing development.

Current regulations demand government clearance for new developments that are likely to disrupt culturally sensitive areas, impact the environment, or endanger vulnerable species. Once a development is referred for government approval, it is added to a backlog of 30,000 projects.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.