video-banner
none

New report ‘could help cut business red tape’

31-08-2010
by 
in 
New report ‘could help cut business red tape’

The Australian Chamber of Commerce and Industry (ACCI), Australia's largest and most representative business organisation, has welcomed a Productivity Commission report aimed at improving SME viability.

The Productivity Commission’s report on regulatory engagement with small business is a positive initiative, says ACCI.

“Its findings should provide further support for the new government’s deregulation agenda – particularly relating to small business, ACCI said in a recent statement. 



“While minimum effective regulation can meet legitimate economic and social objectives it is vital that it does so in a way that appropriately balances the costs of regulation against its potential benefits. It is clear from the report that this balance is not yet being achieved.”

The Productivity Commission report stresses that robust frameworks and regulator culture are crucial to improving regulatory effectiveness.

ACCI Chief Executive, Peter Anderson said: “At every level of government regulation is strangling small business.

“Bad regulation has a human cost for small business people – it is in the hundreds of hours slumped over government forms, thousands of dollars wasted, and jobs that could be created but aren’t. 



“That’s why along with our members we ran the pre-election Small Business. Too Big to Ignore campaign this year.”

Mr Anderson said the campaign would continue to call on politicians of all political parties to work together to cut down red tape and “give small business a break.”

“We have already started working closely with the new government and relevant ministers to make this happen,” he said.

Related news & editorials

  1. 07.10.2019
    07.10.2019
    by      In
    The US manufacturing sector is in decline. The Institute of Supply Management's manufacturing index dropped to 47.8 in September, an unexpected fall from the already contracting figure of 49.1 recorded in August. Significantly, the figure is the lowest since June 2009 at the end of the Global... Read More
  2. 04.10.2019
    04.10.2019
    by      In
    The St.George Bank Happy Dragon made a surprise and rather athletic appearance in Parramatta Park last month as part of the Coleman Greig Challenge. Inside the suit was none other than regular Industry Update contributor Matthew Kelly, Head of Manufacturing & Wholesale at St.George Bank.
    The... Read More
  3. 01.10.2019
    01.10.2019
    by      In
    Positive signs continued for the manufacturing sector in September, with the Ai Group’s Performance of Manufacturing Index rising 1.6 points to 54.7, continuing a sustained run of growth only spoiled by a negative blip at the time of the federal election.
    The underlying data provide mostly positive... Read More
  4. 11.09.2019
    11.09.2019
    by      In
    An opportunity has arisen to purchase a well-established Australian company with substantial experience, a strong reputation and ongoing contracts in materials handling, manufacturing and warehousing.
    The technology-led company is profitable, and has a consistent annual turnover in the region of $5... Read More