Deregulation Stock Market Rules Laws Trading Ticker 3d Illustrat
Credit: Deregulation Stock Market Rules Laws Trading Ticker 3d Illustration
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has welcomed the federal government’s latest commitment to cutting red tape and is looking forward to working closely with the deregulation taskforce on its key priorities.
“Small businesses and family enterprises are crying out for less red tape and unnecessary regulation, so they can get on with the job of growing their business,” Carnell said. “The government’s efforts to bring down the barriers to business investment and boost productivity are commendable.”
While the ASBFEO supports the intentions of the deregulation taskforce in principle, it also stressed that understanding the detail of these proposals to ensure there are no unintended adverse consequences is vital.
Carnell also emphasised that wide consultations by the government is a critical apart of the deregulation process and the ASBFEO looks forward in playing an active role in, to ensure the government engages fully with small business.
Of particular interest to the ASBFEO is the taskforce’s agenda in dealing with the degree of regulatory complexity, the length of time for approvals and duplication across levels of government, which it notes has the potential to be a game-changer for Australia’s small businesses and family enterprises.
“We are working with the government to achieve these positive outcomes for the benefit of Australia’s 2.3 million small businesses,” Carnell stated.