Red tape strangling Australia's Queensland business: Survey

12:46, September 28, 2010      

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Australia's leading business association, the Chamber of Commerce and Industry Queensland (CCIQ) , on Tuesday released its annual survey on government red tape, saying the growing problem was costing Queensland jobs and investment.

The CCIQ said the state government red tape was strangling Queensland businesses, costing them 6.5 billion Australian dollars (6.2 billion U.S. dollars) a year, up 780 million AU dollars (749 million U.S. dollars) on last year.

President of the CCIQ David Goodwin said Queensland was now the most regulated state to do business in Australia, and smart operators would set up shop elsewhere.

He said 7,900 pages of new legislation had been enacted in the past 12 months, equating to a 13 percent increase in regulation.

"And that's going to cost us jobs. It's going to cost us investment. And certainly where small businesses are concerned, it bogs them down and it drives them to other places in Australia," Goodwin told Australian reporters.

He said red tape was also hurting customers as businesses had to pass on their increased costs.

Goodwin said the group would now look at how much red tape was costing the government through auditing.

Premier Anna Bligh insisted the government had reduced red tape in recent years but acknowledged it wasn't an easy task.

"Businesses would always like to have less regulation. Often consumers and the public want to make sure that there are the appropriate levels of regulation," she said.

Source: Xinhua


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