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Norfolk Is

Norfolk Island economy headed for disaster following Australian Government intervention, new report claims

An independent report on the economic situation on Norfolk Island following the Australian Government takeover of governance of the island last year, released today, warns the island’s economy is heading for disaster as a result of spiralling costs and inappropriate regulation. Problems include the widespread imposition of Commonwealth and NSW regulatory regimes; the planned introduction of Australia's Modern Award System; the failure of the Australian Government to take up the responsibilities previously held by the Norfolk Island Government, such as for the promotion of tourism; the loss of direct passenger airline services between New Zealand and Norfolk Island; restrictions placed on primary producers and agricultural pursuits; and the removal of the general revenue raising powers of the Norfolk Island Government.

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