00:00The government hopes this 32-page document will help restore business confidence in the
00:06state. Just last month it was voted the worst state to do business in. And while there's
00:11plenty of motherhood statements in this document, among the policies is a plan to reduce the
00:15number of regulators by half. The Premier says this will save businesses $500 million.
00:22Regulations should be a guardrail, not a stop sign.
00:24Victoria's gas supplies are dwindling and this plan does speak about finding new renewable
00:28sources of gas to power industry. Big business has also been recruited to drive change with
00:34a council headed by Ahmed Fahour, formerly of Australia Post, as chair. Other members
00:38include Penny Fowler, AFL CEO Andrew Dillon, Andrew Irvin from the NAB and Anthony Pratt
00:43from Vizzey, who's recently announced he's moving to the US. While some business leaders
00:47were happy with the focus on the private sector leading economic growth, there was one thing
00:52missing.
00:53We would like to have seen tax cuts, but this we understand is just the start.
00:57What we get today is limp, it's empty and it's devoid of any real purpose or vision
01:04that will get the state of Victoria out of the deep budget black hole.
01:09And those budget woes are set to continue. Debt is set to hit $188 billion and government
01:14sources say next year's budget is set to be even worse.
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