Industry policy for a productive Australia

Source: Productivity Commission
"Productivity Commission chair Gary Banks has questioned emissions intensive industries' claims they should be compensated for the impact of the proposed carbon pollution reduction scheme (CPRS). In an August 6 speech at the Uni of Qld, Banks led a wide-ranging discussion of policy rationales for industry support. He said there may be genuine reasons to consider compensation for unexpected govt policy measures that "lead to a loss of pre-existing 'property rights'".