Economy

Thinking Regional and Rural is designed to assist you to identify, monitor and assess the potential impacts of policy and legislative proposals upon regional and rural Victoria. It comprises five high-level considerations: Economy, Accessibility, Social and Community, Environment and Equity.

Information to assist you assess your proposal against each consideration is available by following the tabs above.

What does this mean?

Under this consideration, regional economies include the interrelated activities around the production and distribution of goods and services in regional areas.

Why is this important?

Victoria's regional and rural economies vary widely. Some small regional and rural communities are heavily dependent on one industry sector or one large employer. For much of rural Victoria, agriculture and related industries are important sources of employment and prosperity. For other communities it is mining or forestry, manufacturing, tourism, banking or information technology.

Many interdependencies exist between each of these sectors, not obvious at first, but recognisable by local consultation. A new policy or legislation introducing changes to business taxation, regulation or licensing requirements for example, may make it easier or harder to employ people. In the regions this may be more sharply felt, where employment, business opportunities and ability to move between industries is more limited than in Melbourne.

In developing your proposal consider working collaboratively with local government, as outlined in the Victorian State-Local Government Agreement. (Councils in regional Victoria often govern a much larger area than their metropolitan counterparts, are typically one of the largest employers in their regions and are the main drivers of economic development activity).

Questions to consider

  • Will the policy or legislative proposal impact regional business and/or regional economies?
  • How does the policy or legislative proposal account for economic differences and dependencies within regional areas?
  • Will individual local businesses or industry sectors be disadvantaged?
  • Are there opportunities for regional businesses or industries to benefit from the new policy or legislation?
  • Will the policy or legislative proposal impact on local government responsibilities, service delivery or resourcing? If so, are the characteristics of regional and rural councils being considered?
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