Queensland Treasury and Trade Report Card on Red Tape Reduction Number 5 - November 2014 We are delivering on our commitment to reduce red tape. The Government has now progressed more than 500 specific red tape reduction initiatives, with over 370 of these reforms now implemented. We are pleased to release the latest Report Card on Red Tape Reduction, which highlights the strong progress the Government is making on its promise to cut red tape. $5 6 We recently announced another common-sense reform to reduce 14 red tape. 20 From 2015, small and medium businesses will only need to lodge payroll tax returns twice a year, rather than monthly. 9 It’s just one of the many ways the Queensland Government is growing the economy and supporting small business. Increased the payroll tax threshold, so more businesses pay less tax n llio mi Halved the number of health and safety forms businesses need to fill in We have streamlined processes, reduced duplication and removed costly and unnecessary fees. $4 25* Reduced the need for unnecessary permits and licences By removing unnecessary regulation, reducing compliance costs and simplifying processes, we are freeing up businesses, community groups and individuals to focus on what matters; building a great State, with great opportunities. cu t Supporting Small Business 20% targe t is This is a significant achievement and shows the Government is tracking well against our 20 per cent target ($569 million). 2018 Queensland Treasury recently assessed a range of government regulatory reforms and estimated the benefits to business and community were valued at $425 million per year. This means around 7,000 Queensland businesses will save more than 40,000 hours and $2 million. millio n “CCIQ applauds the State Government on this initiative. The State Government has again proven itself committed to this vital pillar of economic reform.” Chamber of Commerce and Industry Queensland 5 September 2014 Hon Tim Nicholls MP Treasurer and Minister for Trade * Estimated savings are based on the average annual impact of the regulatory change over a ten year period. Lisa France MP Assistant Minister for Finance, Administration and Regulatory Reform Queensland Treasury and Trade Each year business and community will save ... Kindy and childcare less reporting Pool fence modifications - less red tape, just as safe $1.5 million $10 million Online fire safety building plans Planning and development overhaul $215,000 $30 million Removed restrictions on choice of hot water systems Property sales - removed time wasting paperwork Removing the requirement for mandatory rainwater tanks Waste levy repealed - cheaper waste disposal Provisional licences automatic upgrade from P1 to P2 licence Eco-tourism - less paperwork and more access Reduced payroll tax reporting for small businesses Simplifying regulation of plumbing works $350,000 $610,000 $2 million $18 million Self-assessable codes for land clearing Party Safe Registration – register parties online No more rego stickers time and money saved Gem miners pay lower fees less administration $420,000 $85,000 $44 million $60 million $88 million $3.1 million $1 million $1 million Do you have ideas on ways the Government can reduce regulatory burden? If so, please contact the Office of Best Practice Regulation on (07) 3222 0555 or [email protected] 14-114