Opposition “misguided on microeconomic reform”

An increase in taxes on heavy vehicles would be “one of the easiest” solutions for land transport reforms, said treasury secretary Ken Henry.

Dr Henry, delivering a speech entitled "The Policy Requirements of the Terms-of-Trade Boom" to economists in Sydney, has criticised the Opposition’s recent decision to disallow the regulation to increase the road user charge for heavy vehicles from 19.63 cents to 21 cents per litre from next year.

The voted-down legislation was recommended by the National Transport Commission, and has been endorsed by the Australian Transport Council.

Dr Henry said while this year would be a relatively “enlightened period for microeconomic reform” with the rich COAG agenda being devised by Australian governments, politicians have failed to recognise the importance of the heavy road users charge policy. 

He said: “The road user charge for heavy vehicles is not the most important structural policy matter likely to confront the nation’s parliaments this year. But it would be one of the easiest. And it is a pre-condition for other, more important, land transport reforms.

“If this terms-of-trade boom is going to have a happy ending, we are going to have to do better than this – a lot better.”

You may also like to read:


, , , , , , , ,

Comments are closed.

Newsletter

Sign up with your business email address to keep up with the latest industry news from T&L. Newsletter sent every week.

Most Read

Kalmar launches 9-18t lithium battery electric forklifts
Kalmar, part of Cargotec, has introduced a medium electric f...
Technology => efficiency – from MHD magazine
Bart De Muynck Government regulations requiring greater com...
The SMART Distribution Centre opens
Schneider Electric has successfully completed the digital tr...
Australian retail: officially in recession
Phil Chapman “GFC-level terrible.” Those were the wo...
Moving with the times – from MHD magazine
Peter O’Connor Data warehouses are far from new. The term...
Own the future – from MHD magazine
Martin Kohl The distribution centre of the future will need...

Supported By