In December 2014 the Productivity Commission launched a Public Inquiry into Business Set-up, Transfer and Closure. The Issues Paper provides the Terms of Reference and parameters of the Inquiry, and poses questions such as:
- How could regulatory processes be improved to reduce barriers to business entry or exit?
- Are the existing regulatory arrangements able to manage with these new business models in a consistent manner?
- Should the principle of technology neutrality apply to regulation in general?
- To what extent are the current regulatory processes acting as an unnecessary impediment to new digital-based business models?
Through this Inquiry there is an opportunity to raise the level-playing field issues concerning VTIC members, particularly around the new business models such as Airbnb, Uber and freedom camping. VTIC will be attending a Productivity Commission roundtable in relation to this Inquiry on February 19. The purpose of the roundtable is to discuss new business models (including the sharing economy), the role of regulation and regulator engagement with new business models.
If you would like to make your own submission to the Inquiry please refer to page 21 of the Issues Paper for further information. Submissions are due on 20 February 2015.