Red tape hurt­ing busi­nesses

Port Douglas & Mossman Gazette - - FRONT PAGE -

RED Tape is crip­pling busi­nesses, with over 620 busi­nesses re­port­ing an in­crease in the over­all time it takes to com­ply with reg­u­la­tion over the past two years, ac­cord­ing to a National Red Tape Sur­vey.

The Aus­tralian Cham­ber of Com­merce and In­dus­try’s sur­vey re­vealed out of 870 busi­nesses sur­veyed na­tion­ally, 44 per cent of busi­nesses spend up to five hours a week com­plaing with govern­ment reg­u­la­tory re­quire­ments, in­clud­ing fill­ing out forms and ap­ply­ing for per­mits.

Over 40 per cent spent over $10,000 com­ply­ing with govern­ment reg­u­la­tions last year and over half of the busi­nesses agree red tape has im­pacted their busi­nesses and pre­vented them from mak­ing changes or ex­pand­ing their busi­ness.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.