ACCI Media Release: Thursday 4th October, 2012 Statement by Peter Anderson, Chief Executive
To view the results from the 2012 National Red Tape Survey, click to view the publication here
$10,000 A YEAR AND 5 HOURS PER WEEK PER BUSINESS The Australian Chamber of Commerce and Industry—Australia’s peak employer group—is taking a leadership position today in the fight against red tape with the release of a new national survey that will give government an eye-opening insight into how regulation impacts business on the ground.
”We’re launching a new national survey to measures how heavily regulation is impacting on business. We asked business all over the country: How much time do you spend on regulations, how much money does it cost you, is it holding your business back, is it stopping you from hiring?” In all, 870 businesses were surveyed over the past month, across every state and territory. And the results are eye-opening:
• 44% of businesses spend between 1 and 5 hours a week complying with government (federal, state or local) regulatory requirements (filling out forms, applying for permits, reporting business activity); • 72% of businesses say the time they’re spending on red tape has increased in the last two years; • 42.2% estimate they spent more than $10,000 complying with government regulations last year; • 59.7% say red tape has a moderate to major impact on their business; • 54.3% say that complying with government regulations has prevented them making changes to grow or expand their business. The direct feedback from business tells us that the most regulated areas are:
• Workplace health and safety; • Conditions of employment; and • Employing workers.
The feedback from business is that much of the burden can be alleviated by better communication. • 64.9 of business people say that the burden would be reduced if communications about how to comply with regulations improved; • 61.4% believe we need less regulations; • 61.0% believe more consultation with business in developing regulations would help.
For More Information: ACCI's Chief Executive: Peter Anderson 0417 264862 ACCI's Project Manager COAG Reform: Joanne Yates 0409 273377
Click here to view the Publication: Annual National Red Tape Survey (ACCI), October 2012. Design & Production by Monica Mosmondor.
Media other articles: Click here: Red tape sucking up time, money: survey - SYDNEY MORNING HERALD Click here:Comparing Greek economy to Australia's is 'absurd' - By Chief Political Correspondent Simon Cullen - ABC NEWS