VECCI supports Spring Repeal Day action

VECCI Chief Executive Mark Stone has welcomed the Commonwealth Government’s announcement that it will introduce legislation to repeal nearly 1,000 unnecessary pieces of legislation and regulations that will save individuals, businesses and the not-for-profit sector over $2.1 billion in compliance costs. 

"Creating a one-stop shop for environmental approvals will have particular benefits for Victorian businesses as it will remove unnecessary duplication and make the approvals process for major projects simpler and quicker," Mr Stone said.

"VECCI is also pleased with the inclusion of a number of measures targeting small business, including establishing the Fair Work Ombudsman’s Small Business Helpline, amending the Franchising Code of Conduct and improving tax office communication with small business.

"Business recognises that well-designed regulation can provide benefits for business and the wider community by improving economic stability, providing operational certainty and increasing consumer confidence.

"However, because regulations affect all facets of business, including inputs, prices, and output, unnecessary, complex and poorly designed regulations also constrain the ability of business to provide the best product or service at the lowest cost," Mt Stone said.

"The priority given to red tape reform by the Commonwealth Government is welcomed by VECCI and needs to be echoed by all governments."

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

vecci.org.au

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