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Australian Federal Government asks for submissions on cutting red tape

Friday, March 28, 2014   By Mike Reddy

 


The Australian Federal Government has asked for submissions on cutting red tape. Here's your chance to be heard.

It’s every business coach’s dream to see the possibility that the myriad of red tape can be removed from the small business sector so business owners can instead focus on creating jobs, making money and paying taxes.

Bureaucratic nonsense becomes a charge levied on small business in terms of time, cost and complete frustration. Ultimately it impacts on every sector within our society. And the opportunity to rid ourselves of it doesn’t present itself very often.

Now it seems it might be presented twice a year.

The government’s aim is to cut around $1 billion from compliance costs which, considering the sheer volume of it, would be the tip of the tip (whatever that is called) of the iceberg.

And they must be serious about it- They’ve even set up a website.

I am hoping that as well as cutting red tape they will also be looking at slashing a lot of green tape.  This will go some way to ensuring that hoped for benefits for the community are not offset by costs charged to the small business sector who tend to be left carrying the burden of regulation every single time.

If the productivity commission is serious about reducing the cost of business so that Australia can compete with the rest of the world, they have to be serious about the costs incurred by the small business sector when it comes to dealing with regulation.

The government is scheduling two Parliamentary days every year when they are going to do nothing but get rid of obstacles that have been put in your way. It’s a start and it needs your input.

They are also putting together a framework which they say will ensure that future regulations consider the cost to society as well as the benefits. That guide is available for you to peruse at http://cuttingredtape.gov.au/handbook/australian-government-guide-regulation

The website on the matter includes all the links you will need to have your say and you can find at http://cuttingredtape.gov.au

They have also asked for your comments, submissions and, probably even more importantly, examples of the unnecessary clutter that makes life in business so difficult.

You can make your submissions and even upload examples at http://cuttingredtape.gov.au/form/make-submission


Mike Reddy is a Chartered Accountant, business coach and advisor helping businesses in Sydney, Melbourne, Brisbane and Gold Coast to easily increase their profits and cash flow. He is currently President of the North Sydney Chamber of Commerce, a Regional Councillor for Sydney North East and a member of the Institute of Chartered Accountants Sydney leadership team. As well as advising businesses, Mike presents business development seminars and webinars and is regularly contacted by the media to comment on small business matters. You can connect with him on Facebook, Twitter and Google+.