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Friday 1 May 2020

The Qld Parliament recently passed the Appropriation (COVID-19) Bill 2020 which includes around $4 billion of emergency measures to support Queenslanders during this difficult period.

This included increased funding for health and emergency services, payroll and land tax relief, and a number of costs of living measures such as the $200 credit on power bills.

After a short but vocal campaign from REIQ and its members, the Government also made amendments to their proposals to protect tenants and landlords during this time.

Treasurer Jackie Trad has also announced that the hit to the state budget will be around $4 billion at this stage. The Treasurer said that a financial statement or mini-budget may have to be delivered prior to the October election in lieu of a full budget. 

There will also be a freeze on public service wages across the government as part of savings to fill the hole that COVID-19 punched through the state’s finances. There has already been a campaign underway by some unions opposing this, how hard they will go in an election year remains to be seen.

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