Good news for Goldfields business
Red tape is simply out of control. Too much regulation and compliance is holding industry back, especially the mining and resources sector and small business.
The Coalition Government is committed to reducing the compliance burden on individuals, businesses and the not-for-profit sector and since coming into government we have already removed over 10,000 pieces and 50,000 pages of legislation and regulation and over $700 million of compliance costs.
On 29 October, we held the second red tape repeal day where a number of specific deregulation measures were introduced.
This is great news for the Goldfields because there will no longer be a need to gain environmental approvals from both the state government and the federal government.
A one-stop shop for environmental approvals based on agreements with every state and territory will save an estimated $426 million in compliance costs each year and provide an estimated economic gain of $120 billion over the next 12 years.
From now on, a separate commonwealth assessment and approval under the Environment Protection and Biodiversity Conservation Act will no longer be required where an accredited state approval process is in place.
This will provide business with a speedier and more cost effective environmental process, while maintaining the existing high environmental standards.
The environmental one-stop-shop has already been welcomed by industry bodies such as the Chamber of Minerals and Energy WA who, in the lead-up to the federal election, partnered with other resource councils and chambers to develop an Australian Minerals Industry Position Paper on EPBC Act reform.
Small businesses will benefit from a reduced tax compliance burden with administrative changes to GST and PAYG reporting.
Businesses with no GST payable will no longer be required to lodge a business activity statement. These measures will save small business an estimated $67 million in red tape.
The establishment of the Small Business and Family Enterprise Ombudsman is also of great benefit to small businesses.
The transformation from the existing system will provide a Commonwealth-wide advocate for small businesses and family enterprises, provide a concierge for dispute resolution service and contribute to the development of a small business friendly Commonwealth laws and regulations.
At the direction of the Prime Minister, all ministers have undertaken an audit of regulations in their portfolios and each minister has established a deregulation unit to identify areas where red tape can be cut immediately.
Our message is one of smaller and more efficient government, less regulation, lower costs and less frustration for the community.
We’re focused on making sure industry has all the tools needed to be successful and removing unnecessary regulation and compliance is an important part of this.
Rick Wilson MP
Federal Member for O’Connor