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.
Reforms in the Visitor Economy Action Statement will make it easier for businesses across the state to set up events and festivals, grow new and innovative ideas, and simplify tourist road sign applications.
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.
Working in collaboration with regulators, policy makers, event organisers and small business owners, we have developed a suite of reforms that will address issues that can hold back small businesses in the visitor economy.
Project status update 2018
The final Visitor Economy Action Statement was released on 13 June 2018 and reform implementation progressed.