Duplication, Regulation Weigh Business Down: CCIQ
- 1 in 4 business businesses indicate that ‘red-tape’ prevents them making changes to grow their business
- 57 per cent of small businesses spend up to 10 hours per week on simply meeting government regulatory requirements.
- 78 per cent of Queensland businesses experience a moderate to major impact from complying with government regulation
Time-consuming and duplicated regulation requirements are weighing down Queensland businesses. For Queensland’s economy to move forward, the next government must cut through overburdensome regulation says the Chamber of Commerce and Industry Queensland (CCIQ).
“Businesses want governments to enable them to do business, it’s that simple,” Mr Baxter said.
“By nature, small businesses have smaller teams, but are expected to function and operate in policy environments that are incredibly complex and often duplicated.
“Over half of Queensland’s small businesses spend up to 10 hours a week simply ensuring that they are meeting government regulation.
“Ten hours a week is a lot of lost productivity time for an owner or their staff that could otherwise be invested in scaling up the business.
“We recognise that certain regulation and compliance matters are essential to upholding a reputation of safety and quality, however, we need to see commitments from all political parties that a reduction or removal of duplication and avoidable burdens will be targeted across government platforms and procedures.
"For example, businesses across the hospitality industry often stress that Food Safety and Liquor Licencing can take months to be approved or amended, with fees and compliance requirements differing between local government areas. This could be amended through the consolidation of licences, harmonisation of compliance requirements and fees, and a simplification of processes to reduce approval timelines,” Mr Baxter said.
Throughout this election, CCIQ is calling on all political parties to commit to election priorities that will enable businesses to be viable now and into the future. Business viability starts with business-friendly governments that make it easy to employ, invest, and scale to grow.
Small Business is a BIG deal, and they hold the key to rebuilding and growing Queensland’s economy. CCIQ’s is calling on political parties to show their commitment to doing business with business and commit to CCIQ’s election priorities. Full details on CCIQ’s Election Priorities can be found at: https://businesschamberqld.com.au/business-voice/2020-state-election/