The Illawarra Business Chamber has welcomed recommendations from a NSW Parliamentary Committee which examined how regional areas, including the Illawarra (incorporating Shoalhaven), could benefit from Sydney’s growing prominence as a global city.

The Legislative Council Standing Committee on State Development, comprising members of the state’s upper house from a range of party affiliations, released the report yesterday which includes a number of recommendations to the NSW Government that would improve business conditions in the Illawarra.

In particular, the Committee Report urged the government to consider the merits of:
·       raising the payroll tax threshold, to make small businesses in NSW more competitive;
·       bringing forward construction of the Maldon-Dombarton Rail Link, noting the benefits of the South West Illawarra Rail Link (SWIRL);
·       consider City Deals for regional NSW, akin to the Western Sydney City Deal; and
·       examine the internet speeds achieved by the NBN in different regional locations.

Illawarra Business Chamber Executive Director Adam Zarth welcomed the report, saying that it was clear that the committee had heeded the advocacy of the Illawarra business community.

“The Illawarra Business Chamber welcomes the findings of the parliamentary committee, which recognise the importance of regional areas, in particular the Illawarra, to growing the NSW economy,” said Mr Zarth.

“The committee supports our strong arguments for adjusting the NSW Government’s payroll tax threshold in favour of business, as well as our advocacy in support of the construction of the South West Illawarra Rail Link.”

“We will continue to advocate strongly for better infrastructure to support business growth and connectivity in the Illawarra, and the reduction of costs and regulatory burdens on business.”

The Committee report is available at: https://www.parliament.nsw.gov.au/committees/inquiries/Pages/inquiry-details.aspx?pk=2435

The IBC submission to the Inquiry is available at: https://www.nswbusinesschamber.com.au/NSWBC/media/WebsiteResources/PDF/Submission-Regional-Development-and-a-Global-Sydney-June-2017.pdf

Media Contact:

Tammy Caldwell Marketing & Events Co-Ordinator T: 02 4223 0308M: 0413 085 536