It is the intention of Parliament that in the administration of this Act the following are to be considered as guiding principles—
(a) that decision making processes should effectively integrate both long-term and short-term economic, environmental, social and equity considerations;
(b) 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;
(c) the need to consider the global dimension of environmental impacts of actions and policies;
(d) the need to develop a strong, growing and diversified economy which can enhance the capacity for environment protection;
(e) the need to maintain and enhance international competitiveness in an environmentally sound manner;
(f) the need to adopt cost effective and flexible policy instruments such as improved valuation, pricing and incentive mechanisms;
(g) the need to facilitate community
involvement in decisions and actions on issues that affect the community.
Part 2—Sustainability Victoria