Taxes, licences and permits are weighing down businesses in Victoria more than in other states, a secret government report has revealed.
A secret government report has revealed Victorian companies are suffering under the highest red-tape burden in the country, as business leaders call for firms to be freed from a stifling patchwork of licences and permits.
It has prompted a warning from manufacturers that more businesses were preparing to leave the state, while the Victorian Chamber of Commerce and Industry called for immediate reforms such as faster approvals and simplified processes. Among the state’s larger firms, every industry reported a deterioration in the regulatory impact of government policies compared to the previous year. The manufacturing sector recorded the biggest red-tape burden, followed by the retail sector.
“I’ve seen our members shutting up shop and going somewhere else, or people that were looking to come here are now saying they won’t,” he said. For small and medium businesses, the cost of complying with regulation was the most burdensome aspect of doing business in the state. Victoria recorded a net score of minus 47 index points, compared with an Australia-wide average of minus 39.Treasurer Tim Pallas has sought advice from his own department on how to encourage government departments to reduce the number of business licences in Victoria.
“Victoria must urgently slash red tape and transform our economy from the hardest to the easiest place to start, grow and run a business.”
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