Action Statement Released
New reforms that are part of the Small Business Regulation Review will ease regulatory burden and streamline approvals processes for business, saving small retail businesses up to $131 million and the tourism industry businesses up to $7 million each year.
The Retail Action Statement reforms will give small businesses more information on what it takes to start and grow a business, simplify retail leases, and make food safety regulation fairer and easier to understand.
Looking through the eyes of Victoria’s key small business sectors, the Small Business Regulation Review aims to understand how to simplify process and reduce unnecessary red tape so businesses can grow and prosper.
The action statement is the result of engagement and consultation with hundreds of small businesses across the state.
Victoria’s visitor economy makes enormous contributions to the state supporting the jobs of more than 208,300 people throughout the state and generating $23.3 billion for Victoria in 2015–16.
Small businesses are the backbone of the economy with more than 576,000 small businesses across the state, making up 44 per cent of private sector jobs and contributing one third of Victoria’s goods and services output.
Project Status Update 2018
The final Retail Action Statement was released on 13 June 2018 and reform implementation progressed.