The state’s peak business representative group says the coalition’s plans to cut $1 billion in red and green tape by rolling back Labor policies, including the carbon tax and the minerals resource rent tax, are a positive step forward for businesses in Western Australia.
Opposition leader Tony Abbott today fleshed out the coalition’s plan to reduce Australia’s regulatory burden by $1 billion a year.
Central to the policy are promises to repeal the carbon price and mining tax and streamline environmental regulation.
The coalition will also establish an overall deregulation unit within the Department of Finance and link senior public servants' bonuses to cuts to red tape.
Mr Abbott said, if elected, the commitments would improve the performance of government and strengthen the economy.
“Australians understand that it is better to have a government that has clear processes and is measured in what it is trying to achieve than to have a government that continually adds to regulation and which makes it up as it goes along,” Mr Abbott said in a statement.
Chamber of Commerce and Industry WA chief executive James Pearson said initiatives that would benefit WA employers included the requirement for private sector executives to meet performance targets, and dedicated parliament sitting days to repeal legislation and regulation.
“Australia is becoming a high-cost place to do business,” Mr Pearson said.
“The coalition’s red-tape policy recognises business makes a significant contribution to the economy and that government needs to take a step back and encourage the private sector to do what it does best – invest capital, generate wealth and create jobs.
“WA employers look to the Rudd government to make its own commitment to cut costs for business by reducing red tape.”
The full list of coalition policy promises is included below:
- repealing Labor’s carbon tax;
- repealing the Minerals Resource Rent Tax;
- setting aside two parliamentary sitting days for the repeal of legislation each year;
- reporting to parliament annually on red and green tape reduction;
- relocating the responsibility for deregulation from the Department of Finance to a new unit within the Department of Prime Minister and Cabinet – taking a whole-of-government approach to deregulation;
- creating a dedicated unit within each department and agency that is charged with driving red tape reduction;
- linking the remuneration of senior public servants to quantified and proven reductions in red tape;
- including annual red tape reduction targets in the performance criteria to be considered in determining the re-appointment of departmental secretaries;
- requiring all cabinet submissions to include a Regulatory Impact Statement – and ensuring they quantify the costs to business and/or the community of new regulations;
- establishing a one-stop-shop for environmental approvals;
- undertaking an audit of all environmental legislation and regulation at state and federal levels;
- allowing small businesses to remit compulsory superannuation payments made on behalf of workers directly to the Australian Taxation Office;
- transferring administration of paid parental leave from business to the Family Assistance Office;
- streamlining grant applications for the National Health and Medical Research Council;
- establishing ministerial advisory councils for each portfolio minister as a means to provide advice on cutting red and green tape;
- improving administration of Commonwealth grants and procurement;
- amending the Future of Financial Advice legislation to reduce compliance costs for small business financial advisers;
- undertaking a moratorium of significant new regulation for the financial sector; and
- improving the effectiveness of efficiency of the Commonwealth cost recovery model.