The Australian Taxation Office has taken over the responsibility of assisting small business with their superannuation arrangements in a further move by the federal government to streamline regulation, Small Business Minister Bruce Billson says.
The Department of Human Services had previously overseen the free online clearing house service that helps businesses cut down on the time and paperwork involved in paying super contributions to employees’ different funds.
“Small businesses already contact the ATO regularly, so it makes sense that they can speak to the ATO about super payments at the same time instead of another department,” Mr Billson said in a statement on Tuesday.
The clearing house caters for businesses with 19 or fewer employees.
There were 58,000 employers registered with the clearing house, but the government wanted the other 700,00 that were eligible to use it to sign up.
“This move is part of the government’s commitment to streamline processes,” the minister said.
The government conducted its first so-called “red tape bonfire” last week as it attempts to get rid of outdated and unnecessary regulation worth $700 million a year.
Respondents to Essential Research’s weekly online poll were evenly divided over the perceptions of business red tape.
Twenty six per cent believed there was not enough regulation, while 24 per cent thought there was too much and the same amount thought it was about right.
Over half (57 per cent) of the survey’s 1059 respondents thought the removal of regulation would have a positive impact on company profits, while 41 per cent also picked economic growth and jobs as a beneficiary.
Only 17 per cent thought it would encourage ethical behaviour.
Just over a third (39 per cent) of voters believed the economy was heading in the right direction, just pipping those who thought it was going the wrong way (34 per cent).
Thirty eight per cent described the current state of the economy as good, 24 per cent said it was poor, while 34 per cent thought it neither good nor poor.