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Continued red tape reduction in Queensland to aid investment

ByJames Brown

The announcement of more red tape reforms across Queensland could offer investors interested in real estate in Burpengary an incentive to make moves into the local market. These changes will make it easier to make moves into the local business market, with more economic growth opportunities popping up statewide. 

Treasurer Tim Nicholls stated the latest cuts would save up to $425 million per year, which can be reinvested back into local communities and future development, as well as the creation of new employment opportunities as the state continues to rise. 

Assistant minister for regulatory reform Lisa France said in a 5 November statement: "We have more than 500 red tape reduction initiatives underway delivering total savings of around $425 million. For example, recently we announced businesses with a payroll tax liability of less than $20,000 will now only need to lodge returns twice a year, instead of every month." 

This is just one of the changes that will be heading towards the various economies across Queensland. As the state continues to grow – with population figures expected to keep rising over the coming months – now could be a great time to get serious about investment in Burpengary. 

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