Independent News For The Australian Public Service
Edition Number 417. Updated Tuesday, 08 July 2014

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New Agency to boost Tasmania

The Department of Industry has established a new Agency to promote the economy of Tasmania.

The Tasmanian Major Projects Approval Agency was announced by the Minister for Industry, Ian Macfarlane and opened its doors on 1 July.

Mr Macfarlane said the Agency would operate for three years, and worked with Australian Government regulators to act as a single entry point for Australian Government approvals for major projects.

"The Tasmanian Major Projects Approval Agency is another indicator that Australia is open for business, because it will help potential investors identify all the Commonwealth approvals required for significant projects that will generate economic growth and create jobs," he said.

"It's an essential part of the Australian Government's Economic Growth Plan for Tasmania and will make sure that proponents are able to identify any potential regulatory issues."

Bid to promote economy

Member for Bass, Andrew Nikolic said the Agency would also play a role in identifying potential or actual roadblocks in the approvals process and help to address any inefficiencies.

"This is an important part of our agenda to remove uncertainty and inefficiencies for those wanting to invest," he said.

"It will make sure that investors are aware upfront of what they need to do."

Mr Nikolic said collaboration with the State Government's soon-to-be-established Office of the Coordinator General would generate synergies in project advisory services for companies looking to invest $50 million or more by 2020.

"Working closely with the State Government will help project proponents identify the critical path for each project, streamlining the process and making Tasmania more attractive to investors," he said.

Mr Nikolic said an advisory board would help the Agency to determine the eligibility of major project proponents requesting assistance and provide specialist advice on how the approvals process is impacting on business investment.

The advisory board's chair will sit on the Joint Commonwealth and Tasmanian Economic Council, and provide reports and updates on the Agency's progress.

Mr Nikolic said board appointments would be announced shortly.

For more information please visit this PS News link.

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