One of the biggest hurdles for business is the slow nature of Government at any level.
For a company or corporation time is literally money. Waiting for paperwork to be processed, or promised legislation to be passed is time during which new customers can’t be engaged, production lines cannot start and delivery schedules are not able to be made.
This is because government is not as acutely affected by time as the private sector. The annual nature of funding government initiatives is part of the issue.
State and Federal Budgets are produced with great fanfare as they place the priorities of a government clearly on the table.
However, Treasury remains the government’s profit centre and department heads only need to consider income by way of an annual submission to express their ability to implement policy.
Conversely, business, while having a basic concept of what income they should expect in a financial year, does not have the same luxury. A downturn in sales, or a new competitor entering the market impacts profits and means costs need to be mitigated.
Changes in policy can also affect the bottom line as new regulation is introduced, or as in the case of Uber, a massive change to regulation occurs in response to a judicial decision.
In a clear demonstration of the speed differential, the County Court passed judgment on the legitimacy of ridesharing in May 2016, but a Government sponsored bill is yet to be introduced to the Parliament. In frustration Fiona Patten from the Sex Party has introduced a Private Member’s Bill to get the discussion moving.
Even in true crises, such as the unfortunate events in Bourke Street on Friday, 20 January, where there has been an urgent rethink on bail laws, it will be some weeks before the process of parliament allows a bill’s passage into law.
The democratic process needs to be transparent for people to have any trust that law is being created with proper scrutiny.
If a Bill is referred to a committee, momentum is slowed further, but an opportunity arises for business and other organisations to engage in the process by providing expert advice and experience.
RMK+A boasts an experienced team, able to provide invaluable insights and development of strategies to ensure that when your business is seeking to work with government the experience is smoothed and the outcomes are optimised.