Small construction businesses will save up to $42.6 million a year through reforms supported by the Andrews Labor Government that will make it easier for owners to understand and meet their regulatory obligations.
The reforms announced today at the Master Builders Victoria’s Building Leadership Simulation Centre are expected to save small businesses at least $21.3 million a year once fully implemented. They will:
- Help regulators interact better through Small Businesses Engagement Charters
- Develop clearer and more targeted regulatory information for small businesses
- Prevent small businesses from wasting time filling in duplicated information in government forms by piloting an online profile tool.
Regulators also stand to benefit from the reforms, which are expected to encourage better compliance and increased regulatory knowledge among small businesses.
The reforms are based on the Labor Government’s Small Business Regulation Review of the construction sector, following earlier reviews of the retail and visitor economy sectors.
Victoria’s construction sector is made up of more than 304,500 jobs and generated $32.5 billion for the Victorian economy in 2017-2018.
By committing to the reforms, the Government is helping businesses spend less time and money on compliance and more time on running and growing their business.
To learn more about the review, go to engage.vic.gov.au/smallbizreview.
Quotes attributable to Minister for Small Business Adem Somyurek
“We’re continuing to deliver on our commitment to reduce red tape by addressing areas of regulation that unnecessarily hold back small businesses in the construction sector.”
“The reforms will make it easier for these small businesses to comply with critical safety and licensing requirements that’re in place for workers and the community.”
“The reforms are the result of extensive consultation with small businesses, regulators and policy makers – reflecting our commitment to listen and engage with stakeholders at all levels.”