International push for Queensland’s economy this November

By Greg Bell

The upcoming G20 Leaders Summit in November is expected to be a big event, with the Queensland government aiming to push a new international campaign that highlights the state's strengths and puts it squarely in the global spotlight over the coming years. With this commitment to future development expected to lead to an influx of business and investment, now could be a brilliant time to consider the benefits of commercial property in Surfers Paradise

Premier Campbell Newman has pushed the new "Queensland, Australia. Endless Opportunities" campaign and stated it would be used to promote the region as both and exporter of choice, as well as a major global investment destination. With the wide range of different industries and commercial sectors operating and co-existing across the state, there are countless chances for economic growth and regional development. 

With a commitment to cutting down red tape and focusing on the benefits of doing so – namely, reducing the cost of doing business in Queensland – and retaining the state's competitive tax advantages, Mr Newman is confident the state will shine through in the future. 

"Queensland's unique advantages and capabilities across the business, trade and investment spectrum are perfectly summed up with the phrase Endless Opportunities. Now is the time for the world to hear even more about the Endless Opportunities that exist for them in Queensland," said Mr Newman in a 22 September statement. 

Following last years Trade and Investment Queensland review, Treasurer Tim Nicholls said there have been calls to act upon recommendations for a unified, developed Queensland as a brand to sell to overseas markets and continues to strong degrees of growth being experience across the state. 

"We're committed to maximising Queensland's export and investment potential, concentrating on getting government 'out of the way', so business can get on with running their enterprises and creating jobs," said Mr Nicholls in a 22 September statement. 

"Queensland's strengths are abundant in agriculture, resources, construction and tourism, and we offer unrivalled expertise, innovative products and solutions as well as strategic advantage through our location and climate.

"Our extensive trade and investment advantages include an enviable position as the nation's gateway to the world's fastest growing markets in the Asia Pacific, world class transport infrastructure, natural wonders and globally recognised international education opportunities." 

As the region's economy aims to secure further stimulus from international investment, cementing your own place in the commercial property market of Surfers Paradise could be a great move to make for your financial future. 

Reductions to business red tape

This announcement follows news earlier in September that illustrated cuts to the red tape surrounding small and medium business growth. On 5 September, Mr Nicholls announced that businesses with an annual payroll tax liability of less than $20,000 would only be required to lodge payroll tax returns twice a year – rather than every month. 

Starting next year, this change will help these business avoid getting caught up in unnecessary red tape while allowing them to get on with the job of making money and strengthening the overall economy. It's estimated that businesses will save a total of 40,000 hours of time spent on paperwork and around $2 million in administrative costs from the change, which will be useful when it comes to making your commercial venture as streamlined and fine-tuned as possible. 

Chamber of Commerce and Industry Queensland general manager Nick Behrens commented on the changes, stating red tape was one of the biggest complications facing small businesses in Queensland at the moment. Wasting thousands of dollars and hours on unnecessary paperwork will help to further stimulate growth, with the state government planning on reducing red tape by 20 per cent by 2018 – a figure well within reach at this rate. 

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