REIA CEO urges govt to slash red tape, taxes

Simon Parker

The ongoing battle real estate agencies have with taxes, excessive red tape and regulatory burdens were front and centre in a paper delivered to the Business Advisory Forum by the Real Estate Institute of Australia (REIA) CEO, Amanda Lynch.

Acting in her capacity as deputy chair of the Council of Small Business of Australia (COSBOA), Ms Lynch was invited to attend the newly established Forum to discuss matters affecting productivity and economic growth with COAG.

Ms Lynch said the paper she presented on behalf of COSBOA also highlights many important concerns held by the real estate industry and makes a number of recommendations that would be significant for REIA members.

“One of the recommendations I have emphasised at the Forum is to develop a mechanism that will measure the impact of regulation on small business and set a benchmark which will hopefully form the high-tide point,” Ms Lynch said.

“The compliance costs of schemes such as the National Strategy for Energy Efficiency are too often overlooked when government agencies come up with these ideas.”

“The amount of time, effort and expense that is required by agents in order to comply is simply unreasonable.”

Mr Lynch's call comes not long after the new Queensland LNP government promised to slash property transaction-related red tape in that state.

Other issues raised in Ms Lynch's submission included concerns over the national licensing reform process, linking development charges and taxes with actual costs, a uniform real property act and consistent conveyancing legislation.

The COSBOA/REIA submission to the Business Advisory Forum, Preventing the Unwieldy and the Unworldly, is available to download from reia.com.au

Simon Parker

The ongoing battle real estate agencies have with taxes, excessive red tape and regulatory burdens were front and centre in a paper delivered to the Business Advisory Forum by the Real Estate Institute of Australia (REIA) CEO, Amanda Lynch.

Acting in her capacity as deputy chair of the Council of Small Business of Australia (COSBOA), Ms Lynch was invited to attend the newly established Forum to discuss matters affecting productivity and economic growth with COAG.

Ms Lynch said the paper she presented on behalf of COSBOA also highlights many important concerns held by the real estate industry and makes a number of recommendations that would be significant for REIA members.

“One of the recommendations I have emphasised at the Forum is to develop a mechanism that will measure the impact of regulation on small business and set a benchmark which will hopefully form the high-tide point,” Ms Lynch said.

“The compliance costs of schemes such as the National Strategy for Energy Efficiency are too often overlooked when government agencies come up with these ideas.”

“The amount of time, effort and expense that is required by agents in order to comply is simply unreasonable.”

Mr Lynch's call comes not long after the new Queensland LNP government promised to slash property transaction-related red tape in that state.

Other issues raised in Ms Lynch's submission included concerns over the national licensing reform process, linking development charges and taxes with actual costs, a uniform real property act and consistent conveyancing legislation.

The COSBOA/REIA submission to the Business Advisory Forum, Preventing the Unwieldy and the Unworldly, is available to download from reia.com.au

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