The Plastics and Chemicals Industries Association (PACIA) has welcomed the Federal Government’s deregulation agenda.
Ms Samantha Read, Chief Executive – PACIA , the peak industry association representing Australia’s second largest manufacturing sector commented that reducing the burden on Australia’s manufacturing businesses is critical to ensuring the Australian chemistry industry can grow and take advantage of the country’s proximity to emerging markets in Asia.
According to Ms Read, the Omnibus Repeal Day (Autumn 2014) Bill is an important breakthrough in balancing the regulatory environment for Australia’s chemicals and plastics industry. The industry is committed to working with governments to deliver a balanced regulatory environment that protects workers, the community and the environment while delivering a business environment that stimulates growth, innovation and trade.
She said that it will enable the Australian chemicals and plastics industry to invest, innovate and bring the latest chemistry technologies to Australia. Current regulations for instance, require a product deemed safe in equivalent markets such as Europe, United States or New Zealand to be re-certified afresh in Australia, which can add millions of dollars to business costs through unnecessary duplication. Inefficient and inconsistent regulations that pose a roadblock for the Australian chemistry industry will need to be removed if Australia is to take maximum advantage of 21st century opportunities.
Ms Read said the Australian chemistry industry contributes $40bn to Australia’s economy and directly employs over 60,000 people in skilled jobs.
The Australian chemicals and plastics industry plays a critical enabling role, supplying inputs to 109 of Australia’s 111 industries. This means that reducing the regulatory burden for the Australian chemistry industry will multiply benefits, creating jobs and investment in supply chains across Australia.
The industry’s Strategic Roadmap, ‘Adding Value’ identifies that inefficient regulation of the Australian chemistry industry has not only seen Australia miss out on the introduction of latest technologies, but also highlights how the myriad, complex and often inconsistent rules have become a major productivity roadblock that diminishes the capacity of business to effectively manage its activities.
Ms Read observes that the Omnibus Repeal Day (Autumn 2014) Bill represents an essential first step, but the deregulation efforts need to continue so that a balanced regulatory environment will maximise Australia’s capacity to grow a critical, strategic industry while also achieving better outcomes for communities, the economy and the environment.