The Australian Small Business and Family Ombudsman is pushing for the government to consolidate registration requirements for small business.
Ombudsman Kate Carnell called for one form hosted by a single agency on a single website to update the multiple registries that exist.
“One of the issues facing small business is the compliance burden of having to meet regulatory requirements for registering and updating information on their business structure and governance,” she said.
“The compliance burden relates to cost, time, and complexity.
“This is particularly relevant if a company evolves from one structure to another over time.”
Ms Carnell welcomed the government’s National Business Simplification Initiative, which seeks to streamline compliance requirements and upgrade IT infrastructure.
She said business descriptors, such as the size of an enterprise, should be included with registration.