You have4 free articles left this month.
Register for a free account to access unlimited free content.
You have 4 free articles left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Get real with red tape cuts: A-G to Beazley

OPPOSITION LEADER Kim Beazley last week outlined proposals to get governments at all levels to work towards the reduction of regulation and red tape. Attorney-General Philip Ruddock pounced on…

user iconLawyers Weekly 10 July 2006 SME Law
expand image

OPPOSITION LEADER Kim Beazley last week outlined proposals to get governments at all levels to work towards the reduction of regulation and red tape.

Attorney-General Philip Ruddock pounced on the statement, criticising it as “hollow”, and urging Beazley to follow through with his state colleagues on the Government’s proposals to reduce red tape for small business.

Ruddock tagged personal property security law as one of the biggest areas for reform. “Many small businesses have capital tied up in business assets that they are currently unable to offer easily as collateral for loans because of the complicated patchwork of laws and registers we have,” Ruddock said.

The Government wants a single national register to allow prospective lenders and purchasers involving all personal property, other than houses or land, to check whether there is an encumbrance on the property cheaply and easily on the Internet.

Existing Commonwealth, State and Territory registers vary between States and are incomplete, said the Attorney-General. “A single national personal property security register would reduce unnecessary costs on business and create greater certainty for consumers,” he said.

“If [Beazley] is really serious about reducing red tape, he would embrace the proposed reforms to personal property securities law and encourage his state and territory colleagues to get on board.”

Tags
Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member for free today!