THE NSW AND FEDERAL GOVERNMENTS HAVE JOINED FORCES TO SLASH RED TAPE FOR SMALL BUSINESSES

An inter-governmental partnership to help reduce red tape for new small businesses has recently been announced.

The announcement follows the test launch, in April 2017, of a new business registration service to make the process simpler for small businesses, with the aim being to save new business starters $40 million each year.

The Federal Government service, which is still in BETA testing, allows people to apply for multiple business and tax registrations at the same time online at business.gov.au. To date, it has received over 35,000 registration submissions.

“In this testing phase, we want businesses to apply for their registrations and provide feedback on their experience so that we can make the service even better,” said the Federal Minister for Revenue and Financial Services, Kelly O’Dwyer.

“It has reduced the average time taken to register for an ABN from over an hour to less than 15 minutes. The service also supports businesses to meet their obligations and avoid applying for registrations that they don’t need.”

The Assistant Minister for Industry, Innovation and Science, Craig Laundy said the Federal Government was working with the states to join up registration and licensing services across jurisdictions to save business even more time and money. Read more

James Harkness – Dynamic Business – 22 Sep 2017