DELIVERING DEREGULATION FOR AUSTRALIAN BUSINESS

Member for Barker Tony Pasin says the Morrison Government’s Deregulation Taskforce will help identify and address the most significant regulatory barriers to investment for key industries in Barker.

Mr Pasin said the Government has announced the first three priority areas for the taskforce;

• reducing regulatory burden for food manufacturers with an initial focus on exports
• making it easier for sole traders and micro businesses to employ their first person
• major infrastructure works, with a focus on getting beneficial projects up and running sooner

“The food manufacturing sector is vital to Barker’s economy through direct employment and supply chains in agriculture and horticulture and industries such as meat and dairy processing,” Mr Pasin said.

“Global demand for food products is forecast to increase significantly in coming decades especially as household incomes rise in emerging Asian economies. This is great news for Barker but we want to ensure that we have streamlined and effective export processes to maximise these opportunities,” Said Mr Pasin.

This continues the Coalition Government’s commitment to reduce red tape and unnecessary regulation, making it easier for businesses to invest, create jobs and grow the economy.

The Taskforce will walk in the shoes of business, collaborating with them and states and territories on three key priorities including reducing the regulatory burden for food manufacturers with an initial focus on exporting, making it easier for sole traders and micro businesses to employ their first person and getting major infrastructure projects up and running sooner.

A better regulatory environment will help businesses lower their costs, save time and improve their competitiveness, while major infrastructure projects will help get us home sooner and safer.

The Taskforce will pay particular attention to the degree of regulatory complexity, the length of time for approvals and duplication across levels of government. It will also investigate opportunities to adopt technological or ‘regtech’ solutions which make it easier for business to cost-effectively navigate and comply with regulatory requirements.

The Government has a solid track record of delivering red tape savings. Between September 2013 and December 2016, the Coalition’s ‘Cutting Red Tape’ initiative resulted in $5.8 billion reported as red tape savings. That is $5.8 billion that Australians are now investing in their business or spending elsewhere in the economy.

Media Contact: Charlotte Edmunds 8531 2466