Further consultation welcome but beware the compliance cliff
28 Sep 2023|
The government’s measured approach to changing the Privacy Act is welcome, but concerns remain about the additional compliance burden on small business.
“Several of the proposals will lump further complexity on businesses already bracing themselves for the government’s proposed industrial relations red tape regulations,” ACCI chief executive officer Andrew McKellar said.
“Different ministers are ramping up complexity and compliance for small business in their own portfolios, seemingly unaware that the compounding effect on the ground is more cost, more time and more stress.
“Privacy concerns are legitimate, but regulatory burdens must be kept to a minimum for small businesses to effectively manage their affairs.
“The government’s desire to consult businesses and conduct an impact analysis regarding these changes is welcome, but they must recognise that they are on the cusp of entangling Australia’s economy in an administrative jungle.
“Appropriate funding, support and an adequate transition period are key for small businesses if they are to effectively cope with the change.”