Corporations Act (Cwlth)

Economic Development and Other Legislation Amendment Bill 2024

This bill transforms Economic Development Queensland (EDQ) from a primarily commercial development agency into one with an explicit mandate to deliver social and affordable housing. It gives EDQ new powers to acquire land, impose housing requirements on developers, invest in property assets, and lead coordinated urban renewal through new Place Renewal Areas. The bill also restructures EDQ as a more independent entity with its own CEO, board, and employing office.