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Productivity the priority to stay number one

Release Date: 20/02/2018
The decision to appoint a Productivity Commissioner to tackle costly regulation and improve productivity throughout New South Wales will be well received by the business community, according to the Hunter Business Chamber.
Treasurer Dominic Perrottet made the announcement at a breakfast gathering of members of the NSW Business Chamber and Sydney Business Chamber yesterday. The NSW Business chamber called on the establishment of a Productivity Commission in its response to the Greiner Review in June 2017.
Estimates businesses across New South Wales collectively incur $10 billion each year meeting the cost of regulation across all levels of government.
Hunter Business Chamber CEO Bob Hawes welcomed the announcement.
“It is pleasing a review of payroll tax is one of the first priorities of the Productivity Commission.
“This is a key issue for the Chamber and our members and one that requires immediate attention for New South Wales to remain a competitive destination, particularly for small and medium enterprises.
“It is imperative governments do all they can to assist business to grow and remove the barriers to employing more Australians, and payroll tax is one of these barriers.
“Other items on the to do list for the Productivity Commission are examining the ‘build to rent sector’, exploring common expiry dates for multiple vehicles, reviewing government procurement practices and investigating mutual recognition of licenses and certificates.
“Costs in time and money concerned with red tape, regulation and compliance practices are frequently highlighted by business in surveys, and we hope this will be a big step towards improvement.
“We look forward to working with the soon to be established Productivity Commission to deliver continuous improvement to the business regulatory environment of New South Wales,” Bob said.

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