King & Wood Mallesons

Asia-Pacific 100 position: 3

Room for improvement in major project approvals processes: Productivity Commission

There is substantial scope to improve Australia’s major project approvals processes, according to the Productivity Commission’s comprehensive December 2013 research report. While the commission also described the existing systems as ‘sound’, it made a number of substantial recommendations for improvement and cautioned that partial reform efforts are unlikely to achieve meaningful outcomes.

The commission’s study, which kicked off early this year, sought to benchmark Australian development assessment and approval processes at all levels against those in comparable jurisdictions (Canada, the UK, the US and New Zealand).

The commission found that none of the jurisdictions it considered stood out as performing better overall than Australia…

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