This election presents NSW with the chance for a fresh start and the opportunity for the next Government to address the state’s chronic underperformance. NSW has recorded an average annual growth rate in Gross State Product (GSP) of just 1.8% (since 2001). This is around half the level of growth experienced across the rest of Australia (3.7%) and it is a drag on the national economy.
Industry has long been frustrated with the many difficulties of doing business in the state, the lack of transparency and accountability and the unpredictable policy making in many key areas such as privatisation and Occupational Health and Safety. As well, there is ongoing frustration with over-regulation and the state’s lack of competitiveness.