Members also tell us that regulatory complexity, duplication across levels of government and delayed approvals are costly for business in time and money, as well as in terms of reduced productivity and innovation.

The Victorian Chamber advocates for a reduction in business taxes, including payroll tax, as well as the ongoing reduction in business regulation ('red tape') across businesses of all sizes and sectors. This includes (but is not limited to) food production, transport, health, construction, and manufacturing.

Our focus

• Increase the payroll tax to $1.2 million across Victoria and abolish payroll tax over the longer term.
• Decrease the payroll tax rate to zero in Regional Victoria to be comparable to increase regional attractiveness for business investment and growth.
• Conduct a review of state taxes.
• Reduce the average WorkCover premium rate to 1.23 per cent of payroll. This will keep Victoria competitive against states like Queensland which have an average premium rate of 1.23 per cent.
• Support Better Regulation Victoria to fast-track red tape reduction in priority areas, including: environmental regulation, planning, government purchasing and heavily regulated sectors like transport and logistics, and food processing.
• Undertake a comprehensive independent review of the number, size, purpose and effectiveness of Victorian regulators that commonly interface with business.