19 Apr 2016
Deputy Chief Minister of the Northern Territory, Minister for Business
The Northern Territory Government is delivering on its commitment to slash red tape and make it easier and simpler to do business in the Territory with the Red Tape Reduction (Miscellaneous Amendments) Bill 2016 passed in NT Parliament today.
Minister for Business Peter Styles said the Bill is just one part of the Country Liberals Governments wide-reaching program of red tape reducing initiatives currently being rolled out.
“The passing of this Bill is an exciting development for Territory businesses across a number of sectors,” Mr Styles said.
“Essentially it will allow those businesses to get on with doing what they do best instead of being weighed down by unnecessary paperwork or stodgy processes which inhibit their ability to operate efficiently and effectively.
“We understand small to medium businesses are the backbone of our economy and we are committed to ensuring a positive and productive environment for them to do business.”
In 2015 a Deloitte survey of 100 NT Businesses identified regulatory compliance as one of the top three growth inhibitors.
The Country Liberals Government last year released its Red Tape Reduction Strategy developed by its Red Tape Abolition Squad within the Department of Business.
It is focused on reducing paperwork, maximising productivity, enhancing incentives for innovation and implementing regulation proportionate to the risk being managed.
Some examples of reforms under the strategy include:
Non-pastoral use of pastoral leasehold land – allowing diversification.
Food business registration reforms– saving time for approx. 2,300 food businesses.
Removal of over 950 unnecessary director liability offences and reducing liability for over 240 offences allowing companies to be innovative and productive.
Light vehicle registration checks now completed at 5 years and then 10 years.
A review of red tape for the construction and development sector has been completed with all recommendations approved for implementation.
Sector reviews have commenced for the Tourism and NGO sectors.
The Red Tape Reduction (Miscellaneous Amendments) Bill 2016 will reduce compliance costs for:
500 real estate agents
150 commercial and private agents
30 liquor wholesalers
300 businesses in retail, tourism and hospitality in relation to tobacco retail licences.
It extends licence terms from one year to an option of one, three or five years and extends bore construction permits from one year to two years.
“The Country Liberals Government understands that red tape consumes substantial resources, stifles innovation and reduces productivity in business,” Mr Styles said.
“That is why we have committed to unravelling the web of obstructive red tape that built up over more than a decade under the previous Labor Government.
“Only the Country Liberals Government’s Framing the Future plan can deliver a business environment free of stifling red tape and ensure a prosperous economy for Territorians.”
Media Contact: Rebecca Barr: 0407 284 066