Sustainability Victoria Act 2005

that decision making processes should effectively integrate both long-term and short-term economic, environmental, social and equity considerations;

if there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation;

the need to consider the global dimension of environmental impacts of actions and policies;

the need to develop a strong, growing and diversified economy which can enhance the capacity for environment protection;

the need to maintain and enhance international competitiveness in an environmentally sound manner;

the need to adopt cost effective and flexible policy instruments such as improved valuation, pricing and incentive mechanisms;

the need to facilitate community involvement in decisions and actions on issues that affect the community.