Freight & Trade Alliance (FTA) joined NSW Ports and other leading industry representatives to collectively voice our concern following NSW Productivity Commission proposal to weaken existing, essential, policies to retain the industrial lands.
Recommendation 1.6 of the "Review of housing supply challenges and policy options for New South Wales" Final Report released by the Productivity Commission on 11 September 2024 recommends applying a 'review and manage' approach to all urban industrial land, allowing it to potentially be rezoned for other uses. This recommendation is tantamount to removing any protection for the scarce supply of industrial lands. The consequence of reducing industrial land supply in Sydney is higher cost of living from reduced productivity, reduced job creation and higher transport congestion and emissions.
In joint correspondence, industry strongly urged the NSW Premier to reject recommendation 1.6 of the NSW Productivity Commission Final Report and to continue to retain and protect Sydney's industrial lands for the benefit of the state.
The full correspondence is attached.