When it comes to running or starting a business in Australia, not all states and territories are equal. According to the Business Council of Australia, Victoria is ranked last in improving business fundamentals due to its high property taxes, payroll taxes, and business licensing requirements. Western Australia was criticized for having the worst retail trading hours, while Queensland is commended for a standardized rate on premiums for workers compensation schemes.
The Northern Territory has no legislated trading hour restrictions, making it easier for shops to stay open. Tasmania, while not topping any categories, is recognized as a well-performing all-rounder with lower payroll taxes and property charges. South Australia aims to be a top destination for business investment
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Register Tackles SMS Scams as Business Review Sheds Light on Victoria’s ChallengesA new register targeting SMS scams has been announced. A recent business review revealed Victoria's poor business environment due to high property taxes and stringent regulations. South Australia, however, is hailed as the best place to start a business. The review also touched on a visit to Taiwan and a commemorative service for Cyclone Tracy, alongside a law banning under-16s from social media.
Source: abcnews - 🏆 5. / 83 Read more »
‘Real mess’: Investment expert explains why Victoria ranked worst business stateThe Motley Fool chief investment officer Scott Phillips has railed against the regulation riddled state of Victoria which had created a “real mess” in recent years after it was ranked the worst business state in Australia.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Victoria ranked worst for business as Labor debates brand damage in Albanese strongholdA Business Council ranking of states and territories has crowned South Australia the best place in the country to run a business and labelled Victoria the worst. It could spur a debate inside Labor about whether the state is beginning to hurt Anthony Albanese's election chances.
Source: abcnews - 🏆 5. / 83 Read more »