This paper outlines key issues for an inquiry into the barriers to setting up, transferring and closing a business, and invites submissions from the public.
In undertaking this inquiry, the Commission has been asked by the Australian Government to conduct a broad ranging investigation and to specifically investigate, analyse and propose recommendations on:
- The nature and the scale/extent of barriers to entry and exit that currently exist for businesses and their impact on economic performance.
- Identify appropriate options for reducing these entry and exit barriers, including but not limited to advice on the potential impacts of:
- the regulation of product and service markets
- transfers and subsidies to businesses, including import barriers
- regulations affecting the ease of starting, operationalising or closing a business
- time spent on and cost of complying or dealing with government regulation, licensing and bureaucracy
- the personal/corporate insolvency regimes on business exits.
This issues paper was released on 19 December 2014 and is intended to assist you in preparing a submission to the Commission. It covers a range of issues on which the Commission seeks information and feedback.
Initial submissions are due by Friday 20 February 2015. Opportunity for further comment will be sought upon release of the draft report in May 2015.
Find out more about making a submission here.