Committee Details

COMMITTEE’S REPORT

The committee tabled Report No. 4, 57th Parliament – Economic Development and Other Legislation Amendment Bill 2024 on 10 May 2024. The Bill was passed in the Legislative Assembly on 11 June 2024 without amendment.

About the Bill 

On 20 March 2024 the Hon Grace Grace MP, Minister for State Development and Infrastructure, Minister for Industrial Relations and Minister for Racing introduced the Economic Development and Other Legislation Amendment Bill 2024 into the Queensland Parliament. The Bill was referred to the Cost of Living and Economics Committee for detailed consideration.

View: Explanatory speech
View: Bill 
View: Explanatory Notes 
View: Statement of compatibility 

purpose of the Bill

Queensland is experiencing significant pressure on the housing sector. As part of the Queensland Government’s response to this pressure, the Queensland Housing Summit was held in October 2022. A specific action out of the Queensland Housing Summit Outcomes Report is for Economic Development Queensland (EDQ) to strengthen the remit of EDQ to deliver more housing supply across the State, including new social and affordable housing in the context of urban renewal and precincts. This will include establishing social, affordable and diverse housing as a clear purpose in Economic Development Queensland’s legislation, with a focus on demonstrating to the market affordable and diverse housing for low to moderate income households.

The Economic Development and Other Legislation Amendment Bill 2024 seeks to enhance EDQ’s capacity to deliver on its objectives by: 

• establishing a contemporary operating model and governance framework that will support EDQ’s long term financial sustainability and performance;
• increasing EDQ’s capacity to respond to initiatives and challenges to deliver economic development in Queensland; and
• improving enterprise and place-based outcomes.

Further information

Further information including written briefings, correspondence, response to submissions, transcripts and answers to questions taken on notice are available under the Related Publications tab.

submissions

Submissions closed at 5.00pm on Thursday 11 April 2024.

Timeline