Red Tape Reforms To Cut Construction Business Costs
30 August 2019
Small construction businesses will save
up to $42.6 million a year through
reforms supported by the Andrews
Labor Government that will make it easier for owners to understand and
meet their regulatory obligations.
The reforms announced today at the
Master Builders Victoria’s Building
Leadership Simulation Centre are expected to save small businesses at
least $21.3 million a year once fully implemented. They will:
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Help regulators interact better through Small Businesses Engagement Charters
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Develop clearer and more targeted regulatory information for small businesses
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Prevent small businesses from wasting time filling in duplicated information in government forms by piloting an online profile tool.
Regulators also stand to benefit
from the reforms, which are expected to encourage better compliance and
increased regulatory knowledge among small businesses.
The reforms are based on the Labor Government’s Small Business
Regulation Review of the
construction sector, following earlier reviews
of the retail and visitor economy sectors.
Victoria’s construction sector is made up of more than 304,500
jobs and
generated $32.5 billion for the Victorian economy in 2017-2018.
By committing to the reforms, the Government is helping businesses spend
less time and money on compliance and more time on running and growing
their business.
To learn more about the review, go to engage.vic.gov.au/smallbizreview.
Quotes attributable to Minister for Small Business Adem Somyurek
“We’re continuing to deliver on our commitment to reduce red tape by
addressing areas of regulation that unnecessarily hold back small
businesses in the construction sector.”
“The reforms will make it easier for these small businesses to comply
with critical safety and licensing requirements that’re in place for
workers and the community.”
“The reforms are the result of extensive consultation with small
businesses, regulators and policy makers – reflecting our commitment to
listen and engage with stakeholders at all levels.”
--ENDS--
Source: Victorian Government - www.premier.vic.gov.au
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