Northern Australia Needs to Become a Special Economic Zone: Report

The Institute of Public Affairs (IPA) recommends that Northern Australia be designated as a Special Economic Zone (SEZ), noting that “almost three-times as many Australians are favourable … than are opposed, and believe more should be done to develop the region.” The figure comes from a two-day survey of 1,001 Australians conducted by independent research firm Dynata in early September. “Northern Australia offers a unique opportunity to set the nation up for a period of economic prosperity for the rest of the century,” said IPA Deputy Executive Director Daniel Wild. “However, this will only occur if the right policy settings are put in place, with cuts to red tape and taxes that will drive long-term investment.”...