#Red Tape
Australian small businesses call for more government support
Over two-thirds (71 per cent) of small business owners say the federal government is not doing enough to support them, in a new study by accounting software provider Reckon (ASX:RKN). Government red tape is considered the biggest obstacle to creating a start-up in Australia, with over half (52 per cent) of SMBs agreeing. The survey, which […]
A tale of two SMEs: what distinguishes a growing business from a declining one?
What are the attributes of an SME that is growing, and how do they differ from a business with static or declining revenue? [Related: SMEs trading banks for fintechs, poll suggests] Twice a year, when more than 1200 owners or leaders of SME businesses are interviewed for our SME Growth Index, one of the first questions […]
NSW establishing Productivity Commission to reduce the regulatory burden on businesses
A Productivity Commission will be established in NSW to spearhead a micro-economic reform agenda that includes a focus on reducing red tape for businesses, Treasurer Dominic Perrottet has announced. The first-ever NSW Productivity Commission, which will be led by a yet-to-be-appointed Productivity Commissioner, was announced at the NSW Business Chamber by Treasurer Dominic Perrottet, who […]
Major barriers to SME investment explored by new report from Small Business Ombudsman
The Australian Small Business and Family Enterprise Ombudsman has today released a study into factors impacting small to medium enterprise investment. According to Ombudsman Kate Carnell, SME investment is being impeded by limited access to capital as well as red tape and energy prices and that removing these barriers would “give them confidence to grow […]
NAB “first off the mark” with shorter, plain English loan contracts for small businesses
National Australia Bank’s decision to introduce shorter, plain English loan contracts for small business borrowers has been welcomed by the Australian Small Business and Family Enterprise Ombudsman. According to the bank, more than 130,000 business owners will benefit from the complete overhaul of its existing business standard loan form contract, which involved simplifying contractual clauses, […]
The NSW and Federal Governments have joined forces to slash red tape for small businesses
An inter-governmental partnership to help reduce red tape for new small businesses has been announced today. The announcement follows the test launch, in April 2017, of a new business registration service to make the process simpler for small businesses, with the aim being to save new business starters $40 million each year. The Federal Government […]
Three reasons this year’s federal budget is advantageous for small business owners
After the Federal Budget was announced on Tuesday, 9 May, small business owners will be trying to work out what matters most to them. Here are three main things we have been reviewing that may impact how small business do business – and it is mostly for the better. 1. Less red tape It is […]
Late payment research from Amex and Xero highlights the cashflow burden for SMEs
Coinciding with the anticipated release of the Small Business Ombudsman’s report on its inquiry into payment times and practices, American Express has released research showing mid-sized Australian businesses owe $8 billion in outstanding payments to suppliers, with more than $2 billion currently overdue. According to Martin Seward, VP, Small & Medium Enterprises at American Express Australia, […]
Senator Abetz reveals how government could keep funding the SME instant asset write-off
Senator Eric Abetz has recommended the federal government return small business to the cabinet and place the portfolio in the hands of Liberals. In an address to the Young Liberal Federal Convention, last weekend, the former minister warned that “too much red tape, too much taxation and oppressive regulations” barred small businesses from fulfilling their […]
Growing a small business is even easier with further cuts to red tape
Further cuts to red tape will save NSW business owners $815 million making owning and growing a business in NSW even easier. The red tape reforms have exceeded the $750 million June target according to the Minister for Small Business, John Barilaro and Minister for Innovation and Better Regulation, Victor Dominello. “Scaling back red tape […]
Opinion: Hire industry suffers red tape and threat to hired assets
The decision of the Victorian Supreme Court in Carrafa & Others v Doka Formwork Pty Limited [2014] VSC 520 handed down in November 2014 encapsulates everything that is wrong with the PPSA from the hire industry’s perspective.
Red tape cuts to deliver $83.5 million saving for industry
Australian industry is set to save $83.5 million per year thanks to the Australian Government’s red tape reduction.
Industry and Competitiveness Agenda unveiled : Employee share schemes overhauled
Tony Abbott has unveiled his new $400 million policy blueprint to bolster industry performance, enhance competition, drive business innovation and better harness the commercial and economic potential of the scientific and research community.
Five tactics to accelerate your path to compliance
Compliance demands are everywhere, we can’t escape them, and they only seem to be getting worse.
Small business stands to benefit from “Repeal Day”
Small businesses are facing the prospect of faster payments for government contracts and a reduced burden in administering employee entitlements under Tony Abbott’s deregulation drive.
War on red tape heats up: ‘Repeal Day’ tabled
The Statute Law Revision Bill and the Amending Acts 1901-1969 Bill will propose the repealing of some 8,000 redundant federal laws, some dating back to 100 years.
New Minister for Small Business talks to Dynamic Business
In Sydney to congratulate St George bank on funding a raft of new incubator spaces for start-ups, Dynamic Business caught up with new Federal Small Business Minister, The Hon. Bruce Billson.
Red tape becoming an election slogan
The Australian Chamber of Commerce and Industry (ACCI) has been waging the ‘Small Business Too Big to Ignore’ campaign since April in a bid to ensure the sector isn’t forgotten in the 2013 federal election.
Changes to surcharge displays for restaurant and cafés
Restaurants and cafés will no longer have to produce separate menus for weekends and public holidays when they might apply a surcharge.
SMBs pessimistic about budget outcome
Latest Bibby Barometer survey found that small businesses are pessimistic about the outcomes of next month’s Federal Budget, with many hoping, but not expecting, reduced taxation and a cut in red tape.
SMEs reveal initiatives that would sway their vote in the 2013 election
New research by MYOB reveals policies and initiatives that would turn SME election votes towards the proposing party in the upcoming Federal election.
Red tape strangling small business, says survey
Government compliance processes are continuing to have a negative impact on the SMB community, with more than 80 percent of respondents in a recent survey reporting they’re struggling with bureaucratic red tape.
COSBOA fears for small business owners’ health
The Council of Small Business of Australia (COSBOA) has expressed concern about the health of small business owners Australia-wide following a recent survey by Telstra Business that found more than half will be spending the holidays doing work.
3 big policy challenges for small business
Opposition spokesperson Senator Scott Ryan on how the Federal Government has failed small business: “Small businesses comprise 96 percent of all Australian enterprises. It is a sector that is only ignored at our greater peril, yet it is one to which this Labor Government has refused to listen.”