Independent Senator Jacqui Lambie has slammed Labor’s plans to abolish almost 500 tariffs on a range of imports in a bid to boost productivity, arguing the reform will not come close to slashing red tape for businesses struggling with rising costs.Independent Senator Jacqui Lambie has declared Labor’s plan to abolish hundreds of tariffs will not be enough to adequately slash red tape for businesses dealing with soaring costs.
"It will cut compliance costs, reduce red tape, make it easier to do business, and boost productivity," Treasurer Jim Chalmers said in a speech delivered to the Australian Financial Review Business Summit. The Tasmanian Senator went on to say she believed the average business or Australian citizen would"hardly notice" the effects of the abolished tariffs."Those small businesses and businesses out there are on the back foot right now.
"It will save businesses over $30 million in compliance costs each year, or over $120 million over the next four years," he said.