Brumby Government Cuts Red Tape for Business
Source: Victoria. Treasurer. Media Release
"Victorian businesses are expected to save over $160 million annually through cuts to red tape being implemented by the Brumby Government. Treasurer John Lenders said the Victorian Government’s Reducing the Regulatory Burden initiative, now in its third year, was making progress towards saving businesses $256 million per year by July 2011.

Mr Lenders said that examples of initiatives that had already reduced red tape included:• Removing the requirement for motor car traders to keep a paper copy of their electronic dealings book with estimated savings of $7.5 million per annum;• Amending the regulations that prescribe the licensing of premises saving $2.9 million per annum; and• Payroll tax harmonisation with New South Wales saving approximately $1 million in red tape as well as the implementation of a payroll tax e-business system now used by 96 per cent of businesses saving up to $10 million per annum in administrative costs."