Governance and Investment Requirements for the Regional Development Trust Fund
Regional Development Amendment Bill 2024
Legislative Assembly
Legislative Council
Assent
Topics
economic development financial assistance government grants investment strategy public funding regional development
Introduced by: The Hon Tara Moriarty MLC (ALP); The Hon Steve Whan MP (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
“As I was saying in debate on the Regional Development Amendment Bill 2024, the amended object of the Regional Development Act expands the scope of where money can be spent.”
Sue Higginson GRN
“On behalf of The Greens, I also speak in support of the Regional Development Amendment Bill 2024. I note that we will move amendments in the Committee stage that we hope will be meaningful and will improve the bill.”
Stephen Lawrence ALP
“I speak in support of the Regional Development Amendment Bill 2024. Since this Government was elected, there has been a consistent focus on transparency and accountability of the expenditure of public funds. We are in the House today delivering this bill and taking another step towards meeting the community’s expectations about transparent and sustainable investment.”
Tara Moriarty ALP
“Sarah Mitchell, the Hon. Jeremy Buckingham, Ms Sue Higginson and the Hon. Stephen Lawrence. The Government has a plan for supporting regional communities. As Minister for Regional New South Wales, I am proud to introduce a bill that delivers what our regional communities have asked for.”
News articles and press releases
Regional Development Amendment Bill 2024
Mr STEVE WHAN, Minister for Skills — 2024-08-07
The feedback was clear: The Act’s current focus is no longer fit for purpose given the significant changes we have seen across regional New South Wales. The bill before the House today will address that feedback in three key ways. It will do so by updating the objects of the Act to reflect the needs and expectations of contemporary regional New South Wales, broadening the types of financial assistance available under the Act, and inserting new governance and reporting provisions to strengthen transparency of expenditure. The changes will enable the Government to deliver strategic, considered and fiscally responsible financial support as the principal means of investment in regional New South Wales.