Cost of Red Tape Online Consultation launched

| May 15, 2012

Australian businesses would benefit from the reduction of unnecessary regulation and red tape. It is seen as a significant strain on our national productivity and a significant barrier to job and wealth creation.

To identify avoidable red tape and unnecessary regulation, public policy think-tank Global Access Partners (GAP) in conjunction with the First 5000 business network, is hosting the Cost of Red Tape online consultation on Open Forum at openforum.com.au/redtape.


The consultation will feed into the Coalition Deregulation Taskforce which was formed in December 2011 by the Leader of the Opposition, the Hon. Tony Abbott MHR. Chaired by Senator Arthur Sinodinos AO, the Taskforce is exploring how to reduce the costs and burden of regulation to business. It also plans devise ways to reduce the time and cost of compliance in order to stimulate growth, investment and productivity.

In a recent report the Productivity Commission estimated the rewards for red tape reduction to be worth $12 billion in extra GDP.

Red tape is believed to contribute to 4% of Australia’s business costs.

The Cost of Red Tape online consultation is open to all First 5000 members as well as small and medium businesses. Larger organisations and key stakeholder bodies are also invited to contribute.

We ask you click through to the Red Tape Consultation area and share your experiences by answering the following questions. We welcome you to provide anecdotal evidence and any supporting material to explain your circumstances.

 

The online consultation will start on Wednesday, 16 May 2012 and close at 5pm AEST on Friday, 15 June 2012.

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Helen Hull

Helen Hull is the editor of First 5000, the leading network for mid-sized businesses in Australia.

One Comment

  1. Helen Hull

    Helen Hull

    June 7, 2012 at 12:18 am

    Thanks to everyone who has
    Thanks to everyone who has sent me answers to our consultation questions. Submissions can viewed at http://www.openforum.com.au/redtape. We are accepting submissions until 5.00pm on Friday 15 June.