Red tape to be dramatically slashed in NSW
A re-elected Liberal and Nationals Government will slash red tape across NSW, cutting the cost of doing business while committing to a target of 1 million small businesses by 2030.
A new red tape tsar will be appointed as the NSW Red Tape Commissioner, with the strict task of delivering $1 billion of reductions of red tape.
For an initial two-year blitz across government, Ministers will be required to identify regulation to remove if they are proposing a new regulation.
All government departments, through their secretary bosses, would be required to present regulations for the chopping block, with the goal of making it easier to do business.
The Liberal and Nationals will also boost business opportunities for small and medium sized businesses by increasing the procurement contracts by more than $2 billion by the end of the next term, to a total of $10 billion.
And $1000 for micro and small businesses to engage an expert to provide professional advice to help grow and expand their business.
Premier Dominic Perrottet said NSW needed to take action now to protect jobs and businesses as the whole world faced difficult and strong economic headwinds.
“Our long-term economic plan will protect the NSW economy and recession proof millions of businesses and jobs across our State,” Mr Perrottet said.
“Australia faces strong economic headwinds ahead with the dual challenge of inflation and interest rates hitting families and small businesses and NSW needs a government with an economic plan”
“We can’t allow NSW to stall and unfortunately that’s what will happen under Labor who have no plan to support small business and the 1.8 million NSW people that work for them.”
Treasurer Matt Kean said the Liberal and Nationals would establish a series of industry taskforces to cut red tape and speed up application and approval times, with the first one focused on small business and local government.
“We’ve always stood shoulder to shoulder with small business, boosting the skills and capability of almost 50,000 small businesses via the Business Connect program or providing vital financial assistance during the pandemic and natural disasters,” Mr Kean said.
“Whether you’re a café owner, a tradie or a retailer, we want to work with you to reach new heights and achieve your goals.”
Minister for Small Business Victor Dominello said the Liberal and Nationals were focused on making it easier to do businesses.
“We want to eliminate the paperwork, speed up processes and unlock valuable time from mundane admin tasks by looking at over 200 reforms across 70 pieces of legislation allowing processes to be digitised and streamlined for individuals, businesses and community groups” Mr Dominello said.
"We have established Service NSW for Business as a one-stop shop for business advice, assistance and compliance, helping to reduce the amount of time businesses spend dealing with Government processes.”
"We have also implemented a nation leading $166.5 million digital licensing program which significantly reduces the compliance burden on businesses through a tell us once approach to regulation.”
Summary of measures:
· Committing to a target of 1 million small businesses by 2030.
· Appointment of NSW Red Tape Commissioner, delivering $1 billion of reductions of red tape.
· An initial two-year blitz across government, Ministers will be required to identify regulation to remove if they are proposing a new regulation.
· Government departments required to present regulations for the chopping block, with the goal of making it easier to do business.
· Increasing procurement contracts by more than $2 billion by the end of the next term, to a total of $10 billion
· $1000 for 10,000 micro and small businesses to engage an expert to provide professional advice to help grow and expand their business.
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