THE cost of doing business and creating jobs is about to get a lot cheaper for businesses and not-for-profit organisations in Page, with the Federal Government announcing its first ‘repeal day’ as part of its commitment of cutting $1 billion in red and green tape.
Federal member for Page Kevin Hogan said ineffective and inefficient regulation was hurting the 10,000-odd businesses in Page as well as the NGO sector.
“This is terrific news. During the election campaign I spoke to many businesses who told me they were being tied up with unnecessary green and red tape,” Mr Hogan said.
The repeal day is scheduled for the House of Representatives on March 26, following the introduction of an omnibus red tape reduction bill and a series of specific deregulation bills on March 19.
Before the bills are introduced the Prime Minister will make a statement to the House updating the Parliament on the progress of the Government’s deregulation agenda and his Parliamentary Secretary, Mr Frydenberg, will detail cuts to red and green tape across every sector of the economy.
Leader of House Christopher Pyne said repeal day would provide MPs with an opportunity to highlight the cost of the more than 21,000 new regulations introduced by the Rudd and Gillard governments and the Coalition’s plan to cut the ineffective and inefficient regulation.
“It’s vitally important that the Parliament moves to address the burden of regulation that is strangling our economy,” he said.
Mr Frydenberg said the first suite of deregulation bills followed extensive consultation with business and the not-for-profit sector.
“Stakeholders from across the economy have been conveying a consistent message to the Government that there needs to be an urgent and significant reduction in regulation to improve Australia’s productivity and competitiveness,” he said.
“The repeal day will also include the bulk-repeal of more than 8000 pieces of redundant legislation, which have sat on the statute books for far too long.”
“The Coalition is committed to driving a cultural change to regulation across government. Labor’s default position was to introduce thousands of new regulations without consultation and without understanding their true impact on innovation, investment and jobs. In contrast, the Coalition is committed to a more efficient and effective approach that includes cutting $1 billion of red and green tape and only introducing new regulations when it is absolutely necessary to do so.”