$10m savings with red tape snip

REDUCTIONS in federal government red tape will save Tasmanian businesses an estimated $10 million a year, according to Bass Liberal  MHR Andrew Nikolic.

Prime Minister Tony Abbott introduced his Red Tape Repeal Bill earlier today and told federal parliament the saving to the economy would be more than $700 million a year.

Mr Nikolic is the Tasmanian representative on the federal government's deregulation committee.

``The immediate, direct benefit from removal of regulatory obstacles will be considerable,  in the region of $10 million for Tasmania,'' Mr Nikolic said.

``But the much-enhanced regulatory environment we create supports greater investment -  an enduring benefit year after year.

``We (can) enhance our nation's competitiveness, lower costs to families, and assist local job creation  particularly vital in Northern Tasmania,'' Mr Nikolic said.

``There is so much more we can do, given that the Productivity Commission has estimated $12 billion can be saved by eliminating red tape.''

Next Wednesday the government will introduce  two other bills -  the Statute Law Revision Bill and the Amending Acts 1901-1969 Bill - aimed at removing 8000 redundant legislative instruments going back to the early 1900s.

 ``Less forms and more reforms means less costs and more jobs.''

 Mr Nikolic said that during its six years in power the Labor Government had introduced 21,000 additional regulations, including the carbon tax, with its 19 separate Acts and 1100 pages of legislation, and the mining tax with 11 separate Acts and 525 pieces of legislation.'' 

CUTTING RED TAPE:

- It will be easier for small businesses to do business with government with a simplified process for tendering for contracts below $200,000, standardised terms and conditions and user-friendly online templates.

- Credit and debit cards will become the government's preferred payment option for purchases under $20,000.

- National businesses will be allowed to operate under one workers' compensation scheme rather than have to operate in up to eight.

- Businesses will no longer be required to administer the former government's paid parental leave scheme.

- Importers of agricultural chemicals and veterinary medicines (such as pet worm tablets, household weed killers or agricultural fertilisers) will no longer need to re-register well established products that haven't changed.

``Less forms and more reforms means less costs and more jobs.'' - Andrew Nikolic

- A streamlined accreditation process for the APEC Business Travel Card.

- A new one-stop-shop for offshore petroleum environmental approvals for  projects in Commonwealth waters.

- Repealing the carbon tax and the mining tax will save nearly $100 million in compliance costs.

- Common sense changes to Labor's recent Future of Financial Advice laws to reduce the compliance costs for small businesses, financial advisers and the broader financial services industry.

- The film industry will be able to make minor modifications to films (e.g. turning 2D into 3D, then DVD and Blu-ray) without going through the classification process every time.

- Job service providers will no longer have to retain cabinet's full of paper files and will now be able to keep records electronically.

- Slow moving machinery,  like concrete mixers or wacker packers (used to compact soil), will no longer need to be registered as motor vehicles under the Personal Property Securities register.

- Universities will no longer be required to submit extensive (and duplicated) survey data on the size, use, management and maintenance of their lecture theatres, laboratories, offices and other facilities each year.

- Charities will no longer be subjected to as much duplication with their paperwork.

- Aged care providers and Disability Employment Service Providers will be spared many thousands of hours of paperwork.

Smartphone
Tablet - Narrow
Tablet - Wide
Desktop