Changes for small business regulation
The Council of Small Business Australia (COSBOA) recently congratulated The Productivity Commission on the release of the final version of its small business regulation. The report focused on the needs of small business and promises to change the way this crucial business segment is regulated. Peter Strong, executive director of COSBOA said the report is a landmark moment for the entire small business community for it is a review that focuses squarely on the specific needs of small businesses.
“Is a report that sets up a template for regulators to better work with small business people in order to help them – not hinder – to achieve the best outcomes for business, for the community and for individuals,” said Mr. Strong.
COSBOA in its consultations with small business people has found that they are tired of rhetoric about the importance of small business people, for it has rarely been matched by outcomes. However, COSBOA says this report has the power to change all that.
“This report is a positive and constructive response that shows we have been heard. The message from this report is loud and clear – stop and consider the impact of regulation on the small business person, their business and their capacity to continue in business,” added Mr. Strong.
“This report was developed by the Gillard Government in response to issues raised by COSBOA. We know that the Tony Abbott Government values its findings and with the Minister for Small Business Bruce Billson in charge, we are confident we can expect good results for all concerned.
“We see the report’s key points as a way to achieve the win-wins we need between small business people and regulators, for example, the report cites regulators’ communication could be more responsive to small business needs and capacities in the area of data collected by businesses and great use of industry associations to disseminate information, better websites and enabling timely access to regulatory staff.
“This is music to our ears. The good regulators can feel proud of how they behave and the others, many in local government, will hopefully learn how to engage in a more helpful manner,” added Mr. Strong.