Business Council finds South Australia best place to do business, Victoria worst

ABC NEWS (Australia)

A new report by the Business Council of Australia has found that South Australia tops the list for best places to do business, with Victoria at the bottom.

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00:00Some of the smaller states and territories here are the biggest winners in the Business

00:06Council of Australia's new report.

00:08So they've analysed things like the costs and regulations businesses face.

00:13So that's things like payroll tax, insurance requirements and retail trading hours.

00:18As well as each state's planning system and how efficient and consistent they are from

00:23the applicant's perspective.

00:25The result of that is that South Australia has been ranked number one.

00:28That's due to the payroll tax system as well as elements of the planning system here in the state.

00:33The Business Council also commended their property taxes here as well as the business licensing.

00:41Now this is the third time South Australia has been ranked number one in this particular report.

00:46However the Council did criticise the state's restricted retail trading hours.

00:52So often interstate travellers come here and are caught by surprise when they go to the shops

00:57on the weekend and they've closed by 5pm.

01:00Same thing on public holidays here.

01:02Tasmania came in at number second James.

01:05They were praised for their competitive land tax and stamp duty and the Northern Territory

01:10was ranked third in this report due to the fact they have the highest payroll tax threshold in the country.

01:16The Business Council did rank Victoria last.

01:20They've described their payroll tax and land taxes as uncompetitive and criticised the process of getting a new business registered in Victoria.

01:30As you mentioned James, the Business Council of Australia has board members from huge businesses like CommBank, Telstra and Rio Tinto

01:39and they're advocating for a reduction in regulatory costs for businesses to encourage business growth here in Australia.

01:48We have also, James, reached out to the Australian Council of Trade Unions for comment.

01:53Thanks for joining us.

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