Public holidays Regulatory Impact Statement submission

The Property Council has commented on the State Government’s proposal to introduce two new public holidays in Victoria.

According to an independent analysis conducted by PriceWaterhouseCoopers, the proposal to introduce annual public holidays for Easter Sunday and Grand Final Friday is expected to have a net cost of $486 million.

The Property Council has urged the Government not to introduce measures that are demonstrated to have costs greatly outweighing the benefits to businesses and society.

Our submission focuses on the economic impact that the proposed holidays will have on the wider business community as a result of significant increases in wage costs, service costs and commercial obligations. It also addresses the impacts on Victoria’s economy and the loss to state competitiveness.

The submission is available below.