Victorian business likes Repeal Day

VICTORIAN businesses' lead organisation, the Victorian Employers Chamber of Commerce and Industry (VECCI) has come out in applause of the Federal Government's Repeal Day on March 26. VECCI views the move as a leap forward in common sense.

“Victorian businesses will welcome the range of initiatives announced by the Federal Government today as part of its Repeal Day on 26 March 2014,” says VECCI chief executive Mark Stone. 

“VECCI commends the Prime Minister and his Parliamentary Secretary Josh Frydenberg for the priority they have given to cutting red tape for business. The projected savings of over $700 million include measures that range across   government departments and will resonate strongly with businesses of all sizes. 

“We are particularly pleased that they will free businesses of the requirement of administering the government’s paid parental leave scheme, estimated to save $48.5 million annually, as this was a key plank of our Small Business Too Big to Ignore campaign ahead of last year’s Federal Election. 

“Equally, the nearly $100 million of compliance cost savings expected to result from repealing the Mining and Carbon taxes will free up business time and resources for direction into job and wealth creating activity. 

“Other significant savings will come from planned changes to the Fair Work laws introduced into parliament last week and the ability of Victorian employers trading in two or more states or territories to now access a national workers’ compensation scheme.

“Small business will also benefit from changes to Federal Government procurement policy, with the introduction of standard contract terms and earlier payment for government work totalling $20,000 or less. 

“VECCI is very pleased that the government’s approach to red-tape will now be guided by common sense, reduced reporting requirements and the removal of duplication. This will help business get on with generating jobs and incomes for more Australians, free from the burden of unnecessary regulation.”

www.vecci.org.au

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