Contact: Jane Kneebone
Deloitte
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0416 148 845
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Contact: Tim Gullifer
Deloitte
Growth Solutions Partner
+61 (0) 3 9208 7285 The Government’s response to the red tape taskforce will provide a boost to more than half a million small and micro businesses according Deloitte Growth Solutions Partner, Tim Gullifer.
"Effective from 1 July this year the upfront cost to register a company will be cut in half, from $800 to $400," Mr Gullifer said.
"Over four years this measure will provide a modest cost saving to approximately 540,000 small and micro businesses, at a total cost to Government of $216 million."
"The vast majority of new and emerging Australian businesses are conducted in private companies. A saving of $216 million across this sector will be a welcome boost and encouragement to the SME sector of the economy."
"Reducing or eliminating cost barriers to entry into the market is a positive and welcome response to this recommendation," Mr Gullifer said.
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Page Last Updated: 10 April 2006
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Source: Deloitte Touche Tohmatsu - Australia (English)
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