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Debt reduction and savings measures approved by Parliament


Treasurer and Minister for Investment The Honourable Cameron Dick
Queensland Parliament has today passed a series of measures the underpin the Palaszczuk Government’s plan to reduce debt and achieve $3 billion in savings over four years.
Treasurer and Minister for Investment Cameron Dick said the Debt Reduction and Savings Bill represented the latest step in the Government’s economic recovery strategy that is sustaining, supporting and creating jobs.
“The reform measures included in this Bill are will ensure that we use every dollar of taxpayers’ money as prudently as possible, delivering the infrastructure and services Queenslanders deserve,” the Treasurer said ....

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$3b savings pledge falls $2.997b short


A plan to slash $3 billion in costs from Queensland s public sector has so far identified just $3 million in savings, prompting opposition accusations the government was attempting one of the greatest get-rich schemes of all time .
In September Treasurer Cameron Dick pledged to implement a Debt and Savings plan, which would deliver $3 billion in savings for the government over four years.
The savings would be found through the establishment of the Queensland Future Fund to pay down debt and the consolidation or abolition of some government services including the state s Productivity Commission, Building Queensland and the Public Safety Business Agency.
However, a report by Queensland Parliament s Economics and Governance Committee on the Debt Reduction and Savings Bill reveals only $3 million in annual savings had been identified to date. ....

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CQ drug use to skyrocket if illicit drugs decriminalised


“The evidence is clear that issues associated with personal drug use are best addressed through the health system, not the justice system,” he said.
Figures released on Thursday by the Australian Bureau of Statistics ABS showed the number of offenders prosecuted by police in 2019-2020 was the lowest in the past 12 years.
ABS Director of Crime and Justice Statistics, William Milne, said there were 374,645 offenders in Australia in 2019-20, a decrease of 5 per cent from the previous year.
The QPC report found drug addicts lives would be improved by decriminalisation without increasing the rate of drug use.
If the reforms were implemented immediately, the QPC report found “the prison population would be between 20 to 30 per cent lower in 2025”. ....

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Class action against state-owned power companies alleges price gouging


Class action against state-owned power companies alleges price gouging
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A multimillion-dollar class action being lodged in the federal court on Wednesday alleges the two major state government-owned electricity companies engaged in price-gouging, costing Queensland families thousands of dollars.
The action, being brought by law firm Piper Alderman alleges Stanwell Corporation and CS Energy engaged in bidding practices within the National Energy Market (NEM) that caused the cost of power to spike.
State-owned coal-fired power generator Stanwell has been accused of pushing up power prices. ....

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