28 November 2019

At the opening address at the Institute of Public Accountants (IPA) National Congress in Adelaide this week chief executive officer, Andrew Conway, said that the regulatory burden on the nation was stifling productivity and growth.

“We know, we have to unshackle small business from the regulatory burden it faces if we are to address the ongoing productivity decline,” said Prof Conway.

“The SME sector is looking to accountants to hold that key to unlock that shackle.

“As a result, we are welcoming the whole of the profession to work in arms to support true regulatory reform; to remove the duplications, the costs and the administration burden on small business.

“Australia must have a new and innovative regulatory framework that removes duplication of effort, overlapping of responsibilities and hence, create an efficient and far more affordable model for stakeholders,” said Prof Conway.