Federal Government’s red tape cuts a win for Victorian business

THE Federal Government's announcement of cuts to red tape is a vital step towards making Victoria a better place to do business, says the state's peak employer body.
 
“We applaud the Government’s commitment to remove poorly designed, out-dated, overly prescriptive regulations that add to business costs,” 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,” says Mr Stone.
 
Mr Stone’s comments follow the introduction of the Federal Government's Omnibus Red Tape Repeal Bill to parliament today as part of its plan to abolish more than 1000 acts and almost 10,000 regulations and cut red and green tape by $1 billion a year.
 
VECCI has been a consistent advocate of the need to reduce the red tape burden on Victorian business and in particular, small business.
 
“We are delighted that the Government has adopted our proposals that business be relieved of the burden of administering the paid parental leave scheme and superannuation payments. These were a key part of our “Too Big to Ignore” campaign for small business in the lead-up to the 2013 election,” says Mr Stone.
 
“We commend the Federal Government on this action and encourage both state and federal governments to press-on with their reform agendas to ensure Victoria remains competitive.”

www.vecci.org.au

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