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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 allows the mum and dad business owners, who mortgage their homes and take the risks, to grow their businesses and create more jobs,” Mr Barilaro said.

Mr Dominello said the NSW Government was focussed on improving regulation rather than more regulation.

“By utilising technology, innovation and information sharing, there has been a substantial reduction in the amount of regulation in NSW, resulting in social and economic benefits for the community,” he said.

Key reforms include:

• Extending the validity of light vehicle safety inspection reports from 42 days to six months saved $101 million;
• The Opal Card integrated ticketing delivered $44 million in cost savings; and,
• Service NSW Digital Migration Project delivered $39.8 million in cost savings for residents and businesses.

$326.4 million was saved last year by over 93 reforms to regulation in NSW.

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Daniel Jacobs

Daniel Jacobs

Daniel Jacobs was editor of Dynamic Business.

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