0:24
This is compared to 15 years consecutive budget deficits prior to their election.
0:29
This was demonstrated in their 2023 review of the pipeline of nationally significant infrastructure projects and the subsequent cutting of 50 projects to stay within the prior agreed budget of 120 billion following significant project cost overruns.
0:43
The Federal Government has also introduced several housing initiatives seeking to relieve the cost of housing across the nation by introducing 1.2 million new affordable homes by 2029.
0:53
Similarly, the Queensland government has set ambitious targets of building 50,000 new homes annually and most other state governments have policies targeting increasing housing availability.
1:04
In August 2024, the Federal Government introduced legislation which placed the industry's largest union, the Construction Division of the C FM EU, under administration for a minimum of three years due to concern about infiltration by organized criminal enterprises.
1:18
The legislation had cross party support and whilst no parliamentary inquiry has been agreed, it's hoped that this will help mitigate the cost of construction projects.
1:27
And finally, the Federal Government has taken steps to alleviate labor and skill shortages in the construction sector by increasing visa quotas and introducing targeted programs to attract skilled construction workers to Australia.
1:39
In New Zealand, the most important government development is the active pursuit of legislative measures to establish a stable and enduring infrastructure project pipeline that transcends the country's three-year electoral cycle, which has historically led to priority project inertia due to differing political ideologies.
1:57
These include the National Infrastructure Plan, the Infrastructure Priorities Program, and the Fast tracked approval bills.
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