VECCI welcomes reduction in red tape burden on Victorian business

VECCI welcomes today's red tape reduction measures announced by the State Government that will help reduce the cost of doing business in Victoria.
 
“We’re delighted with the government’s announcement because poorly designed, out-dated, overly prescriptive regulations that add to business costs need to be removed,” says VECCI Chief Executive Mark Stone.
 
“Regulations cost the state economy an estimated $3.3 billion annually, so we need ongoing reform across all levels of government.”
 
Mr Stone’s comments come as the government announces a range of amendments under its plan to cut red tape by 25 per cent, to ensure Victoria continues to be an attractive destination for investment and employment.
 
The changes cover a wide ambit of sectors including mining, tourism and transport, hospitality, building and construction, farming and retail.
 
VECCI has been a consistent advocate for the need to reduce red tape and provided direct input to the Red Tape Commissioner, John Lloyd.
 
“We urge the government to now monitor the implementation of these reforms to ensure they are achieving their purpose and the estimated $715 million savings are realised, and to press-on with the next tranche of reform to ensure Victoria remains competitive,” says Mr Stone.

The Victorian Employers' Chamber of Commerce and Industry (VECCI) is the peak body for employers in Victoria, informing and servicing more than 15,000 members, customers and clients around the state. 

www.vecci.org.au

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