Economic modelling required for time zone debate

State Liberal Leader Steven Marshall has called on the Weatherill Government to immediately commission detailed economic modelling regarding a potential change of time zone.

“The South Australian community and the State’s parliamentarians need more information to make an informed decision about whether changing time zone would be of benefit,” said State Liberal Leader Steven Marshall.

 

“If we are going to look at a change that may increase costs for households and have an estimated negative community impact, we need to know whether there will definitely be substantial job creation and economic growth.

 

“The South Australian Centre for Economic Studies (SACES) report that was released today identified that the uncertainty of the estimated benefits of changing time zone are high.

 

“SACES also identified there would be a significant increase in energy usage if we shift to Eastern Standard Time (EST).

 

“The Weatherill Government needs to commission more detailed modelling before progressing this proposal any further.”

 

Mr Marshall said that while the modelling was being undertaken the Weatherill Government should shift its focus to immediate job creating measures.

 

“South Australia’s unemployment rate is spiralling out of control and it could be immediately arrested if the Government shifted their focus towards immediate job creating measures,” Mr Marshall said.

“Providing genuine tax relief to stimulate economic growth and slashing red tape would assist businesses to grow and create jobs.