Let entrepreneurs get on with growing their businesses by reducing government red tape each year

Excessive regulations mean that business owners spend more time complying with rules and less time finding ways to grow their enterprise and satisfy their customers.

In the Australian Chamber’s latest National Red Tape Survey, more than one in four respondents said they spent 11 hours a week or more on compliance, with almost one in two putting the annual cost of compliance at beyond $10,000. This leads to lower productivity increased costs and stifled innovation.

Among the biggest headaches for business owners is the paperwork involved in complying with GST obligations, which costs businesses thousands of dollars more in Australia than it does in New Zealand.

Rather than red tape, businesses should encounter blue ribbon service when they deal with government. In recent years the government has set a target of reducing red tape compliance costs by $1 billion each year. This target should continue, with annual reports on progress.

And beyond targeting existing regulation, proposed regulation must be subject to a rigorous regulation impact statement so that the true costs and benefits can be assessed.

Estimates suggest GST compliance costs Australian small business
more than $13.7billion a year. Small businesses spend an average of 84.1 hours a year to collect GST - more than two full working weeks a year
Source: 2015 MYOB Business Monitor, The Hidden Costs of GST Hitting Small Business Hardest
In its Ease of Doing Business Index, the World Bank rankedAustralia 42 globally for paying taxes 20 spots behind New ZealandSource: 2015 World Bank Ease of Doing Business
Source: 2015 World Bank Ease of Doing Business

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