Western Australia is set to benefit from about $100 million in annual savings following the Coalition Government’s move to have the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) as the sole assessor for environmental approvals.
Welcoming the NOPSEMA decision Federal Member for Pearce Christian Porter said Western Australia would receive about 80 per cent of the $119.98 million Australia-wide compliance cost savings.
“What is critical for Western Australia is that it is the major source of Australia’s oil and condensate production and gas production,” Mr Porter said.
“So the savings that will benefit the Western Australian economy will be bigger than elsewhere in Australia and the effect this will have in accelerating economic growth and job creation will be of great benefit to the people of Western Australia.”
Mr Porter said Western Australian businesses would also benefit from the repeal of more than 10,000 unnecessary and counter-productive pieces of legislation and regulations.
“More than 50,000 pages of unnecessary and costly legislation and regulations that are a dead weight on Australian businesses, community groups and households will be removed following the Coalition Government’s Repeal Day initiatives next week,” he said.
“The end effect will be to reduce the cost of red tape across the Australian economy by more than $700 million a year, every year. This is tremendous news for the Australian economy but particularly for our State, where the value of the mineral and petroleum industry is over $100 billion.
“As a former Western Australian Treasurer I saw first-hand the job destroying effects of unnecessary and often just plain nonsensical laws, regulations, rules and red tape that came out of the previous Rudd-Gillard governments.
“The $100 million saving to WA for new offshore projects forms part of the Coalition’s commitment to cutting red tape costs by $1 billion a year to improve our nation’s competitiveness; help to create more jobs and lower household costs.”
Western Australia will also benefit from a range of other measures, including:
· Repealing the Carbon Tax and the Mining Tax will not only reduce cost of living pressures and help create jobs, but will also save nearly $100 million in compliance costs.
· A simplified process for tendering for contracts below $200,000, standardised terms and conditions and user-friendly online templates.
· The introduction of a new policy; credit and debit cards will become the Government’s preferred payment option for purchases under $20,000.
· National businesses will be allowed to operate under one workers’ compensation scheme right around our nation rather than have to operate in up to eight.
· Businesses in WA will no longer be required to administer the former government’s paid parental leave scheme.
· WA users of agricultural chemicals and veterinary medicines (such as pet worm tablets, household weed killers or agricultural fertilisers) will no longer need to pay for the cost of re-registration for well-established products over and over, when the products haven’t changed.
· Reduced paperwork for Australians seeking to do business in our region with a streamlined accreditation process for the APEC Business Travel Card.
· Common sense changes to Labor’s recent “Future of Financial Advice” laws will reduce the compliance costs for small businesses, financial advisers, and the broader financial services industry, whilst maintaining the quality of advice for consumers.
· The film industry will be able to make minor modifications to films (e.g. turning 2D into 3D, then DVD and Blu-ray) without going through the classification process every time.
· WA Job service providers will no longer have to retain paper files and will now be able to keep records electronically.
· Slow moving machinery in WA – like concrete mixers or “wacker packers” (used to compact soil) will no longer need to be registered as “motor vehicles” under the Personal Property Securities register.
· WA Universities will no longer be required to submit extensive (and duplicated) survey data on the size, use, management and maintenance of their lecture theatres, laboratories, offices and other facilities each year.
· WA Charities will no longer be subjected to as much duplication with their paperwork.
· WA Aged care providers and disability employment service providers will be spared many thousands of hours of paperwork.