10/05/18

Committee Communiqué

We're off the the Forum

While we get ready to welcome our guests to our highly anticipated 2018 Annual Dinner this evening, this special edition of Committee Communique brings you our thoughts on the 2018-19 Victorian Budget and a preview of the results of our member survey conducted in partnership with Ipsos.

We look forward to sharing the detailed results of the survey with our members and publishing them in our next Committee Communiqué.

See you later this evening to celebrate our city and our vision for what's next.

Happy reading!

Martine

2018-19 Federal Budget

As we go to print today, all around Australia analysts are focussing on the impact of the Federal budget.

From our perspective, there are some positive features in the Federal budget for Victoria, especially some long overdue and substantial allocations to transport and urban infrastructure, one of our greatest challenges. Melbourne’s population is the fastest rising in Australia and Melbourne is struggling to provide the densification needed for an affordable and appropriate transport network.
 
Our summary of the Victorian Government’s budget from the Committee’s perspective is covered in the next item. We are very much looking forward to discussing the Victorian budget for Melbourne’s future with Treasurer Tim Pallas over lunch on 29 May, hosted by our Foundation member EY.
 
The State and Federal government budgets’ proposed investment in infrastructure recognise that the community expects serious action on transport and planning needs for our city. But the Federal Budget falls short in investment needed for the next generation of Australians, especially on housing affordability via new instruments like build-to-rent as an investment class.   
 
Our CEO Martine Letts attended the post budget briefing hosted by our member PwC Australia on 9 May with an excellent panel of former Prime Minister John Howard, former Victorian Premier John Brumby, Transurban and Mirvac Board member Same Mostyn and PwC Australia Partner Paul Abbey.

PwC Australia Federal Budget Insights panel

The panel provided and excellent overview of the budget, its implications for Australia and Victoria. Read the PwC Australia analysis.

2018-19 Victorian Budget

On May 1, Committee for Melbourne attended a Special Interest Group briefing, where Minister for Finance, Robin Scott MP outlined key elements of the 2018-19 Victorian State Budget prior to its tabling in Parliament by the Victorian Treasurer, Tim Pallas MP.

In line with the Committee’s advocacy efforts, we were encouraged to see that the Victorian Government has increased its allocation of funds to an airport link business case by $40 million, to a total of $50 million.

Funding from the government has been linked to a determination of “how to best integrate a future Airport Rail Link with the rail network, to unlock network capacity in the West and deliver fast rail to Geelong and other regional centres”.

The Committee’s view is that a mass transit link to the airport is a strategic pillar for the whole city, and state, which above all, must take a customer-centric approach. In January 2018, the Committee recommended five guiding principles in a submission to government Airport link: from concept to commencement, which supported this point of view.

The Committee is pleased to see continued investment in our road network and public transport infrastructure. Melbourne’s population continues to swell, and measures must be taken to help our city become more efficient and less congested. Key initiatives announced include:
the upgrade of 13 arterial roads across the northern and south-eastern suburbs
plans to duplicate the Cranbourne line
detailed design work to enable new high-capacity metro trains to run to Sunbury
These initiatives address issues which our members have indicated are a very high priority for Melbourne. Our recent member survey indicated that 95% per cent of members view an integrated transport system for Melbourne as the top priority. More on our member survey below.

It is also pleasing to see that both Federal and State budgets have some alignment in investing in improved critical transport and urban infrastructure for Melbourne and Victoria.

The Committee welcomes other key measures outlined in the Victorian Budget, which also align with our Melbourne 4.0 agenda:
$1.25 billion allocated to upgrading education infrastructure across the state which is crucial, given our rapid population growth
$500 million investment in training and skills development, an important initiative to build skills for our transforming economy,
$108.6 million allocated to overhauling careers education in our secondary schools.   
On 29 May, we will welcome Victorian Treasurer, Tim Pallas MP who will provide his insights on the Victorian Budget and discuss with a panel of experts:

  • The future of finance
  • The impact of digital capability on the future of jobs 
  • Plans for the Airport link
  • The role of Public Private Partnerships and market-led proposals

Tim Pallas MP addresses members at the CfM 2017 State Budget lunch 

For a snapshot of the key policies and initiatives in the Victorian Budget 2018-2019, please check our Victorian State Budget 2018-2019 Briefing Note. 

CfM member survey results

We recently sent a short survey to our 140 members to learn about their priorities for shaping Melbourne’s future. The results of the survey will help inform the Committee’s contribution to the discussion on key policy issues for Melbourne and Victoria during the forthcoming election period. We thank Ipsos for partnering with us on the survey.
 
Thank you to all our members who completed the survey. We had a terrific response from a very wide cross section of our Foundation, Corporate and Not-for-Profit members.
 
Thank you also for the very clear responses you provided. We were left in no doubt as to what your priorities were - almost everything we listed was either a high or medium priority! 
 
We are still analysing the results, but can already share some headline results with you:

The results of the survey show that our members think the pace of change to help Melbourne adapt to massive demographic and technological change needs to be stepped up.
 
We look forward to sharing the detailed results of the survey with our members and publishing them in our next Committee Communiqué.

Join us for action on dementia

For a person living with dementia, everyday tasks like catching a tram, visiting the bank or exploring Melbourne’s spaces can be overwhelming.

There are an estimated 425,000 people living with dementia in Australia, and this number is growing with the ageing population. 

2017-18 FFG group 'Dementia Friendly Melbourne Action Group' is, in conjunction with Dementia Australia, running a Breakfast Forum to share information and resources on how to transform your organisation into a dementia-friendly one. 

You will hear from Dementia Australia Chair, Professor Graeme Samuel AC as well as a couple living with dementia about what a difference it can make when businesses cater to those experiencing dementia. They will even have some immersive training tools for you to try!

Date
17 May 2018

Time
7:30 to 9:00am
A buffet breakfast will be served. 

Where
Bank of Melbourne
Client Suites
525 Collins Street

RSVP via email or Eventbrite

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