Palaszczuk made the comment during a panel discussion at the Future Brisbane event.

The panel was hosted by Sky News Australia's Queensland editor and Courier-Mail columnist Peter Gleeson.

Palaszczuk, who has appointed herself as Minister for the Olympics, defended laws which are set to establish the Organising Committee for the Games.

The Premier had been criticised for "political trickery" and secrecy when the laws were tabled last month, which would protect Organising Committee emails and documents "of a confidential nature that was communicated in confidence" from right-of-information applications.

The Organising Committee is set to feature 14 members under the laws, at least half of which must be women.

There is also a dedicated space for an indigenous representative.

Five independent directors will each be appointed by Australian Prime Minister Scott Morrison and Queensland Premier Palaszczuk, while International Olympic Committee (IOC) vice-president John Coates is also expected to serve on the Organising Committee.

Three-time Paralympic champion Kurt Fearnley has been chosen as the Paralympic athlete representative, joining Olympic swimming gold medallist Bronte Barratt, announced as the first athlete on the Organising Committee earlier this year.

Palaszczuk claimed the Organising Committee would ensure continuity in the host's relationship with the IOC.

The Queensland Premier said at the start of the panel discussion that the Games would provide significant investment into the state and deliver opportunities before and after the Games.

"There is going to be a decade of opportunity and a decade after," Palaszczuk claimed.

"So you talk about legacy and impact, it's not just about the South East, it’s not just about the competition, it’s about how we set Queensland up for the golden age.

"It is going to be a golden age.

"The Olympics Bill is going through Parliament and it sets up the Organising Committee.

"That is going to be really important, because it needs to be the people who have the vision to ensure things happen and make the Olympics a reality.

"This gives our children a great opportunity to dream.

"These are incredible opportunities that come along once in a lifetime.

"In our schools now, are children swimming that extra lap, running that extra lap around the oval, dreaming that they could one day participate in a local home-grown Olympics."

Palaszczuk added that the organsisers would seek to bring the "best and brightest minds" together as part of a Legacy Committee for the Games.

She claimed the Games would deliver opportunities for local businesses, with 2,000 having already registered interest in a local procurement programme for the Olympics and Paralympics.

The Queensland Premier also said the state would like to "poach as many sports as possible", revealing negotiations were ongoing with some National Federations which could move their headquarters to the state.

Palaszczuk said the planned Brisbane Live Arena, a 17,000-seat sports and entertainment venue, would likely host swimming competition during the Games with a pool placed in the facility.

She highlighted ongoing work on an underground network to support the venue and the redeveloped Gabba stadium.

Brisbane was the only candidate for the 2032 Olympics and Paralympics after being targeted by the IOC under its new process for selecting venues for the Games.

The city was rubber-stamped as host at the IOC Session before the rescheduled Tokyo 2020 Olympic Games.