Our Anti-Business Government

With the introduction of the National Consumer Credit Protection Act came a raft of new rules and regulations for the affected businesses to follow. On top of this the government decided to put ASIC in control, and why wouldn’t they considering how much money they fleece from business across the country annually whilst giving nothing constructive back to those businesses.

What I find extremely disconcerting is that there is so much information for consumers, so much legal assistance for consumers, so many things that credit licence holders are paying for that only help the consumers. There are websites dedicated to assisting the consumer concerning their credit contracts, yet when you call ASIC and asked them a specific question, or even a very general question about the the National Consumer Credit Protection Act they tell you have to go and get independent legal advice and offer you no assistance whatsoever.

Even the lawyers I know who deal with this National Consumer Credit Protection Act all the time agree that it is poorly written (not to mention extremely bias), but it doesn’t cover many of the details that businesses are searching for, get it does contain and have enough supporting documentation to seek a business in five seconds flat.

Business is left out in the cold to flounder its way around an ever-growing number of rules and guidelines regulations and out of the blue bull shit but it is virtually impossible to remain compliant in any real way.

The governments need to wake up and realise that without businesses both small and large that are run by Australian citizens in this country there will be less employment, less tax paid, less incentive and more financial burden on our social security system.

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December 2017
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