Thursday, unhealthy 2 January 2014
COSBOA response to Commission of Audit
Peter Strong, try Executive Director of COSBOA, rx stated “we have provided a submission to the Commission of Audit that focuses on the future of compliance management and development and also looks at removing complexity.”
The key issues in COSBOAs submission are:
Combine the three agencies responsible for Workplaces issues into one agency, this makes it easier for employers and employees to access information and support without choosing between three websites and three different bits of information, it also saves administration costs.
Simplify record keeping obligations to take advantage of new technologies.
Remove employers from the collection process for superannuation saving funds around $3b a year.
Collect GST on all purchases made from Australia including overseas purchases, this would bring in at least $700m to the budget bottom line.
Aggressively promote Standard Business reporting as a way to change the way governments and businesses interact.
Assist government agencies embrace change management and access new technologies and new processes in a timely manner that is in line with small business practices.
Peter Strong added “the extra $700m that can be collected through GST on overseas purchases, a conservative figure, is the same amount of money being taken off small business by the removal by the government of the current instant tax write offs and loss carry back provisions. We as a nation and an economy would be better off supporting local businesses rather than providing a unfair advantage to businesses in other countries. Why is it important to support employment opportunities elsewhere rather than in Australia?
A copy of the report can be found HERE
Peter Strong, Executive Director COSBOA is available for interview upon request call 0433 644 097 or contact email@example.com