But how can this be

Writing in the Australian this morning, Assistant Minister for Industry, Innovation and Science, the Hon. Craig Laundy MP lamented the noticeable decline in businesses being established in Australia.  So according to Laundy, this decline:

shows the need for Australia to back the creation of new businesses and to support our fast-growing small companies.

I don’t know about other citizens, but Spartacus is shocked, just shocked that businesses aren’t being established in Australia.  How can this be with the political and policy leadership coming from Canberra.  After all, it was only in September this year that the leading lights of business in Government (Laundy and Kelly “tax them all” O’Dwyer) launched a new plan making it easier to start a new business.

And by starting a new business, they meant registering a company with ASIC.  Woo hoo.  Pop the champagneLight the fireworks.

Australian entrepreneurs and businesses who face:

  • among the highest energy prices in the world;
  • among the highest minimum wages in the world;
  • among the highest company tax rates in the world;
  • among the most complicated industrial relations systems in the world;
  • among the most complicated tax systems in the world; and
  • among the most activist regulators in the world;

can now register their company in record time and get your ABN in 15 minutes!  Craig and Kelly – take your Orders of Australia out of petty cash for services to business and entrepreneurship.  After all, when it comes to starting a business, the first thing entrepreneurs usually think about is how to get an ABN.

But let’s be fair, there is also:

Hang on there is more.  There are the ALP proposals to increase capital gains taxes, income taxes, reduce negative gearing and to further tighten and complicate industrial relations laws.

Jeeze.  I don’t know.  It sounds like the only business left to start up are compliance services and tax advisory.

Way to go Laundy.  Keep up with those great insights.  But hey.  At least we can get an ABN in 15 minutes.

Follow I Am Spartacus on Twitter at @Ey_am_Spartacus

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58 Responses to But how can this be

  1. stackja

    Laundy pub with no beer?

  2. stackja

    2GB reports: NBN on hold.

  3. Robber Baron

    I set up a new business venture this year; I set it up in Asia.

    Taxes, regulations and labor costs are too high in Australia. It is just that simple.

  4. Habib

    ABC this morning had some delusional loon in a bad suit snorting on how business confidence is up, up, up! (Like the dosage of his multiple medications methinks), and investment will follow like success follows government intervention. My thoughts mirrored those above- what manner of fit to be tied, swivel-eyed gerbera would invest in real estate, let alone an endeavour trying to generate profit in this sovereign-risk saddled, over-regulated, taxed to death sheltered workshop for the feckless, idle, stupid and insane?

  5. I have an idea!

    How about the government takes over the task of running all business enterprises (small and large).

    What could go wrong?

  6. OneWorldGovernment

    Jeeze. I don’t know. It sounds like the only business left to start up are compliance services and tax advisory.

    Government funded departments are where the “growth” is at.

  7. littledozer

    Our company is sending 60 full time jobs o/s in Jan and another 40 part time. Been a year long project to make it happen. Only way to keep in the black. The pollies/PS won’t be happy till a very damaging recession occurs. We service NDIS as part of our service, costs us over $9 about 400% higher than normal to pass along a job where our customers make $23 so we have suspended dealing with them. The NDIS is going to be a very deep blackhole.

  8. Robbo

    Be a bit of a help if that hopeless idiot some people call Prime Minister put some people with genuine business experience, like risking their own money and not someone else’s, in charge of the portfolios that control business in Australia. The current idiots would not know the difference between their arse and their elbows and they are seemingly a lot brighter than the terrifying morons that Shorten has lined up if Labor takes over.

  9. Myrddin Seren

    Jeeze. I don’t know. It sounds like the only business left to start up are compliance services and tax advisory.

    Anecdote O’Clock

    At a recent gathering of my wife’s family I got talking to another hubbie.

    He is a partner in a liquidators business.

    You would think boom times await.

    He told me that they have to report compliance to five different government bodies and the regulatory overhead is killing them because customers want lower prices and the costs of compliance and everything else keep going up.

    If these f**kwits are killing the liquidators, we can’t be far off going over a cliff.

  10. Ooh Honey Honey

    How, how can we drive these people off an unsuperannuated cliff?
    I remember visiting a farmer in the Darling Downs, who pointed to a large but overgrown paddock within view of the house and telling me that his Grandfather had grown stuff on it, and his father, but that he had spelled it for a year or two and when he went to plant it again he found to his amazement that now he had to get EPA permits to plow in some of the native grasses, and that it had been sitting there fallow for a couple of years it was that hard to get approvals.
    Just how quickly do you think we can commit economic suicide?

  11. Dr Fred Lenin

    I read in the Bairnsdale Advertiser from East Gippsland Victoria ,that Patties. Makers of Four n twenty pies. Were laying off workers ,reason given was increased cost of Energy. Another victory for the gangrene destroyers of Jobs, , people wonts eat pies , “ the baker can’t afford to make them . Patties ,from a little bakers shop in Lakes Entrance to Australia’s leading pie maker .and now regressing in size due to the “progressives “ They are not progressive s they are regressives.

  12. Texas Jack

    The Libs are so agile and innovative they couldn’t organise a piss-up in a brewery, let alone realise that the litany of impediments to doing business in Australia makes us, very simply, a why-bother destination for new business investment.

  13. John Constantine

    We are now close to the quickening.

    Their sweet spot, where Australia’s quisling elites move from merely managing the decline of the proles, with a benign and befuddled lethargy.

    Now we see them actively looking to accelerate the decline, by bleeding out deplorable prole culture like Cap’n Ahab planned to bleed out Moby Dick with endless harpooning.

  14. Combine Dave

    among the highest energy prices in the world;
    among the highest minimum wages in the world;
    among the highest company tax rates in the world;
    among the most complicated industrial relations systems in the world;
    among the most complicated tax systems in the world; and
    among the most activist regulators in the world;

    Can you provide citations for these so I can use them to berate lefties?

  15. DM OF WA

    Let’s face it: capitalism is a dirty word nowadays and socialism is on the ascendant. People reflexively look to government to provide every need, solve every problem. This is a trend that has been going since the war, with a minor deviation in the Thatcher era.

  16. Chris

    The video of Playschool’s John Hamblin referring Benita’s “lovely rear entrance” used to be easily found online but now seems to have completely vanished from the internet.

    Who died and left that slave to you? 😉

  17. Chris

    THAT didn’t work.

    Can you provide citations for these so I can use them to berate lefties?

    Who died and left that slave to you? 😉

  18. Tel

    If these f**kwits are killing the liquidators, we can’t be far off going over a cliff.

    So broke even the liquidators stopped bothering to call.

    Get used to it… another 10 years give or take and Australia hits the magic 100% debt-to-GDP ratio.

  19. entropy

    If these f**kwits are killing the liquidators, we can’t be far off going over a cliff.

    Politicians hate it when someone goes out of business. It is always the politicians’ fault. Look at the Katter’s and their push for a rural development bank. The idea is sold on the basis it will stop people going bankrupt. That is why the liquidators are being regulated to hell.

    It all gets back to the types that get to be politicians these days, their lack of real world experience, their juvenile, narcissistic zealotry and disinterest for anyone outside their petty little circles.

  20. JohnA

    15 minutes?

    That’s no improvement on 2000 when I registered my two existing businesses for GST in 5 minutes each.

  21. Tim Neilson

    We need a new criminal offence.

    Possession of a third rate intellect while in charge of regulatory apparatus.

    Punishment, imprisonment until the guilty party has got all necessary government approvals to start a mine or factory.

  22. H B Bear

    Somebody might be able to explain it to Kelly O’Dwyer but who has that sort of time?

  23. oi oi oi!

    I wonder what the Socialist Alliance would suggest about how to go about setting up a business. You know, like the ones that they use for their printing of their smash capitalism leaflets, or the ones that provide them their mobile coverage so that they can text and talk about how to smash capitalism, or the one that provides them with internet access so that they email and post blogs and other associated points on their website that explains how they can smash capitalism.

    After all, aren’t they democratic socialist, unlike those nasty Stalinist types?

    I reckon the Socialist Alliance could mount a good business case on how a business can work hard as an entrepreneurial start up, cover all the above attendant costs noted above by Spartacus, then break even, and then go on to provide all of their produce at the cost of labour and then donate the rest to the workers.

    I know – a better idea. Let’s get the gummit to do it! They’re good at startups. It is cost plus 100,000% and delivered late, by definition (sounds like the NBN!).

  24. I am Spartacus

    Politicians hate it when someone goes out of business.

    Government’s Solution – don’t allow businesses to form or operate.

  25. gbees

    Robber Baron
    #2567852, posted on November 27, 2017 at 3:23 pm

    I set up a new business venture this year; I set it up in Asia.

    I moved my businesses to Singapore over a year ago.
    Highest co. tax rate 16.56% (>$10M profit]
    Marginal tax rate – 3rd lowest in the World
    Electricity price: 20.3c/kWhr (19.8c AUD) [Generated from imported natural gas – probably ours!!!]

    What companies in their right minds will invest of build a business in Australia?

  26. gbees

    I am Spartacus
    #2567936, posted on November 27, 2017 at 4:39 pm

    Politicians hate it when someone goes out of business.

    Government’s Solution – don’t allow businesses to form or operate.

    Or if you’re Malcolm Turnbull you’d just call a meeting and demand businesses set up here tomorrow, then announce to Australia that businesses have agreed to expand here and create a wonderful ad campaign extolling the virtues of this grand plan using, you guessed it. taxpayer funds ….. morons all of them …

  27. rickw

    My sideline business has been inactive for 12 months. I don’t have the energy to run it whilst at the same time working through the kaleidoscope of requirements for building a new garage out of which to operate it.

  28. Rohan

    H B Bear
    #2567931, posted on November 27, 2017 at 4:36 pm
    Somebody might be able to explain it to Kelly O’Dwyer but who has that sort of time?

    She’s as thick as a gazillion cinder blocks and a soft left tax hoovering Marxist to boot, so there’s no point.

  29. cohenite

    Laundry is a cretin who panders to islam.

  30. Squirrel

    ■among the most activist regulators in the world;……

    and – among the most inflated accommodation costs in the world, with spaces which might once have been home to new small businesses being redeveloped as bubble-priced residential at a rate of knots.

  31. Roger

    Memo Craig Laundy: Cut taxes, regulations and reform the labor market.

    Fail to do so and even more opportunities will be lost and you’ll condemn the next generation of Australian youth to being caddies for Chinese tourists who’ll then own our golf courses.

    Stupid fucking Liberals.*

    [*Copyright Baldrick.]

  32. OldOzzie

    You aremissing NBN Internet that does not work from the list

    From AFR just now

    Glitter-to-the-turd NBN applies world class positivity to our broadband woes

  33. Ez

    As always, The Kouk has the answer:

    Stephen Koukoulas‏Verified account
    @TheKouk
    More Stephen Koukoulas Retweeted BI AUS Markets

    Yes indeed. This is one of the consequences of the RBA holding interest rates too high for too long – economic sluggishness and under-performance. A dreadful policy error from the RBA

    BI AUS Markets‏
    @BIAUSMarkets
    More

    ‘Late to the party’: Global growth is picking up, but Australia is at risk of being left behind

    FMD.

  34. OldOzzie

    Re the above AFR – NBN halts HFC rollout ‘effective immediately’ as issues mount

    An actual sane comment from a Labor Spokeswoman

    Labor communications spokeswoman Michelle Rowland said NBN’s announcement raises more questions than answers.

    “Is NBN seriously telling the Australian taxpayer they have been deploying a HFC network that is not fit for purpose?” she said.

    “The HFC debacle is unravelling before our very eyes.”

  35. manalive

    Specifically the tax and regulation regime in Australia is a disincentive to starting up a new business which means less competition and higher prices.
    Existing business indicators don’t tell the full story as they benefit from less competition.

  36. Motelier

    It isn’t just the Feds. State and local governments have a hand in the destruction of small business and putting obstacles in the way of start-up.

    If I didn’t know better I would think it is a feature of the Aust Federation and not a bug.

    People have to start asking where is the money being printed.

  37. NB

    It still amuses me that just as government is excelling in destroying the country federal politicians are being denied their dual citizenship escape route!

  38. Dr Faustus

    I moved my businesses to Singapore over a year ago.
    Highest co. tax rate 16.56% (>$10M profit]
    Marginal tax rate – 3rd lowest in the World
    Electricity price: 20.3c/kWhr (19.8c AUD) [Generated from imported natural gas – probably ours!!!]

    And ‘light hand’ regulation.
    You run into trouble quick smart if you play silly buggers paying tax, or people – but the government is otherwise notable by its absence from your business.

  39. gbees

    Dr Faustus
    #2568047, posted on November 27, 2017 at 6:15 pm
    You run into trouble quick smart if you play silly buggers paying tax, or people

    Same here also. I don’t break the law and follow all regulations. No problems here and doing well, thanks.

  40. EvilElvis

    Why bother having a business, it’s apparently only there to service shit, lazy workers, the shit, lazy on welfare and the shit, lazy public service and politicians. God forbid the poor bastard who actually put their money on the line gets a return. Fuck it all.

  41. John Bayley

    Regarding the latest NBN fiasco:
    What that AFR article forgot to mention is that the problem is not actually with the technology, but rather with the whole concept of a government-run internet provider monopoly.
    Note that the HFC networks have been entirely capable of providing a generally decent service, with acceptable speeds, to many customers for years.
    With the NBN having taken over – after the government had at first paid Telstra/Optus to cease internet service delivery over HFC in competition with it, and then later paid some more to ‘upgrade’ those networks to ‘NBN standard’, many of those original Optus/Telstra customers are finding they are getting worse service and often for more money.
    A real triumph that, but of course, if only we had spent >$100B on fibre to every crevice, we’d be the envy of the world now! /sarc

  42. John Bayley

    Just how prescient was Ronald Reagan, when he said:

    “The government has three principles when it comes to interactions with private businesses:
    1) If it moves, tax it.
    2) If it continues moving, regulate it.
    3) If it stops moving, subsidise it!”

  43. Vagabond

    I have never seen so many closed shops and beggars in the street as there are now. I was in St Kilda in Melbourne yesterday on a lovely sunny weekend afternoon and it felt like mean streets. There are tough times ahead and they will be even tougher once Shortass gets into the Lodge 🙁

  44. Chris M

    Had a government ‘safety audit’ recently. Prior to I was undecided if this was a reasonable measure for government to undertake or if it was another step towards de-industrialisation.

    I was unprepared for it to be neither. Seriously the guy didn’t even look for or ask about major items like fire extinguishers (in a workshop of flammable materials) instead he chose to peer closely at the expiry dates on band-aids in the first aid kit. No inspection of safety guards, emergency stop buttons, protective gear or the like; instead hey do you have the phone number (000) for emergency services on the wall?

    Comical except that we are paying for it. Nice wage, nice super, company car etc etc…

  45. There are businesses that are absolutely booming in Australia, you just got to know where to look.
    These businesses are in retail, person to person services and trades.

    Where are they you ask and how can they be booming in such a high tax high regulation environment?
    Go to any suburb full of my ex-pats and other assorted wogs. You’ll find lots of shops doing 90% cash business.
    You’ll find blokes cutting hair and women doing beauty nails hair etc all for cash.
    You’ll find tradies servicing their compadres only i.e. whole industries between and amongst the Syrians, the Turks, the Lebos and in the last 15 years Iraqis and Iranians.
    Electricians, concreters, plumbers, builders and more, all working with cash under the counter AND MANY STILL GET CENTRELINK WELFARE ON TOP TO BOOT.

    We are fuckwits, we really are softcock easily fooled gullible (yeah I know) fuckwits.

  46. mareeS

    Businesses aren’t being started because we business operators have had enough. We are just doing contracting now and working for cash.

    Australia is the most difficult place to negotiate business legislation. Why would you bother, when you can work off the books?

  47. Nerblnob

    I have been trying to explain to people why we’re not expanding in Australia.
    however, almost without exception, they think :
    anyone complaining about regulation must be a crook. (or worse – a redneck tabloid reader)
    Prices going up and service down because privatisation.
    Unions protect living standards

  48. struth

    They could give me instant business registration and I wouldn’t pull my last remaining truck out of the shed, no way in hell.
    The bureaucratic buzzards peck at the business carcass before you turn the key.
    For all business in Australia these days, the government controls it and bleeds it dry.
    You don’t control your own business.
    They do, they just don’t own the risk, but cause the failure.

  49. Tel

    Comical except that we are paying for it. Nice wage, nice super, company car etc etc…

    A guy who makes a decent living being completely incompetent (and who knows he is incompetent, paid far more than he is worth) will be extremely loyal when given the instruction that a certain business needs to be shut down (possibly the company owners said the wrong thing, or maybe they resisted union takeover, could be many things). These people serve a purpose… but not the purpose printed on the side of his company car.

  50. Aristogeiton

    Vagabond
    #2568160, posted on November 27, 2017 at 7:48 pm
    I have never seen so many […] beggars […] I was in St Kilda.

    Those guys are professionals. St. Kilda is almost fully gentrified (again) now.

  51. My comment has been caught in a net. I adjusted the couple of words which may have caused this.
    Who knew w0g s0ftcock and fcukwit were offensive.

    Baa Humbug
    Your comment is awaiting moderation.
    #2568182, posted on November 27, 2017 at 8:04 pm

    There are businesses that are absolutely booming in Australia, you just got to know where to look.
    These businesses are in retail, person to person services and trades.

    Where are they you ask and how can they be booming in such a high tax high regulation environment?
    Go to any suburb full of my ex-pats and other assorted w0gs. You’ll find lots of shops doing 90% cash business.
    You’ll find blokes cutting hair and women doing beauty nails hair etc all for cash.
    You’ll find tradies servicing their compadres only i.e. whole industries between and amongst the Syrians, the Turks, the Lebos and in the last 15 years Iraqis and Iranians.
    Electricians, concreters, plumbers, builders and more, all working with cash under the counter AND MANY STILL GET CENTRELINK WELFARE ON TOP TO BOOT.

    We are fcukwits, we really are softc0ck easily fooled gullible (yeah I know) fcukwits.

  52. hzhousewife

    Had a government ‘safety audit’ recently. Prior to I was undecided if this was a reasonable measure for government to undertake or if it was another step towards de-industrialisation.

    Just been through a workers comp thingy getting a staff member back to work – three interviews with 20 something females measuring stuff etc and employee having physio to be taught how to lift etc etc (back strain) – here’s the report

    ” no repetative squating and lifiting”
    Yay, two words spelled correctly out of five.

  53. .

    Writing in the Australian this morning, Assistant Minister for Industry, Innovation and Science, the Hon. Craig Laundy MP lamented the noticeable decline in businesses being established in Australia. So according to Laundy, this decline:

    When I went to register a business, they fucked that up too.

    The delay was something absurd like two weeks.

    This is “Cousin Balki” from “the old country” stuff.

  54. .

    Okay, no repatative sqauting.

    Is squating ice skating when you’re trying to do a shit and can’t see properly?

  55. EvilElvis

    Just been through a workers comp thingy getting a staff member back to work – three interviews with 20 something females measuring stuff etc and employee having physio to be taught how to lift etc etc (back strain) – here’s the report

    ” no repetative squating and lifiting”
    Yay, two words spelled correctly out of five.

    Brilliant isn’t it. GPs, physios, the activist rehab people, the insurers, they’re all in on the game. Going through the same hzh but my employee has lawyered up and going for settlement. Quicker outcome for me and the employee will get screwed by her lawyers. Poetic justice of a sort but with most things, the punishment is the system.

  56. hzhousewife

    It’s an unbelievable merry-go-round, ee. We were able to restructure the position in the absence of this bloke such that he returns to only half the hours he was getting previously, since it could not be guaranteed that he would not re-injure himself, and we, being tremendously concerned for his future health and welfare, back injuries being so debilitating and all that, were not willing to put so much strain on his body.

    Once before when we had a settlement via Fair Work, the bloke returned the business vehicle leaving behind a fortnights pay in cash in the glove-box, and never returned to get it. So the six weeks separation payment was reduced to 4 effectively.

  57. Linden

    Yeah I can fully understand, it never ceases to amaze me how this hugh issue of the ‘cost of doing’ business in Australia never seems to paid any attention by all the media commentators. It scares the crapp out of me, bloody bill shorten and his capital gain tax, we are very close to retiring and selling our business, something to look forward too, great!!!

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