Teresa Gambaro (Brisbane, Liberal Party) Share this | Link to this | Hansard source

Yesterday I had the pleasure of joining Prime Minister Tony Abbott, Queensland Premier Campbell Newman, Queensland Treasurer Tim Nichols and Brisbane Lord Mayor Graham Quirk to commemorate Australia's commencement of the G20 presidency.

The G20 presidency is an opportunity for Australia to contribute to the economic leadership of the world. Australia's G20 presidency will focus on promoting stronger economic growth and more jobs, as well as making the global economy more resilient to deal with future shocks. As the 12th largest economy in the world, Australia supports global efforts to promote economic growth, create jobs and strengthen the global economy against future economic setbacks.

The G20 leaders meeting will be held in my electorate of Brisbane in November next year and it will be an honour for Brisbane to host the most important gathering of leaders ever to take place in Australia. As the federal member for Brisbane and as an honorary ambassador for Brisbane, I am truly delighted about what this will mean for our great city. Brisbane will be showcased in a way that we have not seen since World Expo 88 or the 1982 Commonwealth Games. The G20 is a perfect summit for Brisbane to showcase the modern city that it is today to the rest of the world and the G20 leaders summit will bring to Brisbane some 4,000 international delegates and 3,000 media.

Currently, Queensland is leading in terms of Australia's economic growth. Business investment is up, the tourism industry is recovering and confidence is high. Hosting the G20 will continue Brisbane's longstanding reputation as one of Australia's cities of choice.