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. 14.06.2019
    14.06.2019
    by      In
    The University of Western Australia and its partner organisations will receive $67.5 million in overall funding for world-class equipment to advance scientific research in Western Australia and support WA jobs in STEM industries.
    The State Government has committed $10.5 million over the next three... Read More
  2. 11.06.2019
    11.06.2019
    by      In
    New data from the Australian Bureau of Statistics confirm that manufacturing employment is on the rise again. Although the total number of filled jobs in the sector declined from 900,000 in March 2014 to 880,000 in March 2019, the recent trend has been upwards and accelerating, with the total... Read More
  3. 04.06.2019
    04.06.2019
    by      In
    A novel Silicon Valley financial technology product has been launched in Australia following huge success in the USA. PayActiv is a mobile app based “financial wellness” product that gives employees immediate access to earned-but-unpaid wages, helping them to avoid financial stress.
    Working on the... Read More
  4. 03.06.2019
    03.06.2019
    by      In
    The uncertainty factor of the now decided federal election cast a damper on Australian manufacturing during May, with the Ai Group Performance of Manufacturing Index dropping from April’s high of 54.8 to 52.7 points in May, indicating that the rate of growth has slowed.
    Nonetheless, growth it still... Read More