Matt Williams (Hindmarsh, Liberal Party) Share this | Hansard source

It could be the Personal Property Security Act 2009 and the regulatory burden that falls upon that industry in terms of the length of time that goods need to be leased to be automatically subject to the PPSA. I worked for a law firm before and I know that changes like this were causing major problems for companies that were releasing goods and equipment. They were getting burdened by this extra demand.

We heard the parliamentary secretary mention before the workers compensation scheme, and the opposition has asked about the benefit for that. We will just remind them of the benefit. For the PPSA it was $11.2 million and for the workers compensation scheme it was $32.8 million. The list goes on—over $700 million of benefits have been calculated.

I want to congratulate the work of the parliamentary secretary, Josh Frydenberg , and the Prime Minister, and also of Greg Hunt on the one-stop shop—he did a great job in making that a one-stop approval process. When I was talking to SACOME about the resources industry, that is the one thing that they mentioned. They did not want the duplication between the state and federal bodies, they wanted the one-stop shop to improve the approval process for the Environment Protection and Biodiversity Conservation Act 1999. Once this one-stop shop is implemented, businesses will have a much speedier and cost-effective environmental assessment process in place although it will still maintain high environmental standards. This is what it is all about: maintaining what we need and also giving businesses the best opportunity to progress and to do things in an expeditious manner.

In closing, I want to reiterate the great work done by Josh Frydenberg and our side. Finally we are doing something that is recognised by businesses, and recognised by small business in particular, giving the businesses a better opportunity to do what they do best and get out and run their businesses.

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