Deregulation taskforce to slash red tape for small business

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Deregulation taskforce to slash red tape for small business

The government hopes to cut back on the barriers to small business growth by slashing regulatory red tape across a number of areas.

Treasurer Josh Frydenberg has announced three areas of focus for the government’s deregulation taskforce which will reduce regulatory burdens to allow small and micro businesses to get up and running sooner.

According to Mr Frydenberg, the deregulation taskforce’s primary focus is to “work from the perspective of business and will co-design solutions with business and agencies across jurisdictions to identify and remove unnecessary barriers to investment”.

The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has welcomed the announcement and says she is looking forward to working with the taskforce on its priorities.

“Small businesses and family enterprises are crying out for less red tape and unnecessary regulation, so they can get on with the job of growing their business,” Carnell said.

Carnell described the government’s efforts to boost productivity and remove barriers to business as commendable but suggested understanding the issues small business owners face is critical to the success of the program.

“While we support the intentions of the deregulation taskforce in principle, understanding the detail of these proposals to ensure there are no unintended adverse consequences, is vital.

“It’s also critical the government consults widely as part of the deregulation process, which my office is looking forward to playing an active role in, to ensure the government engages fully with small business.

Carnell believes the removal of regulatory red tape has the potential to be a game-changer for Australia’s small businesses.

“We are working with the government to achieve these positive outcomes for the benefit of Australia’s 2.3 million small businesses.”

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