On Thursday, the federal government released the report from the Low Value Parcel Processing Taskforce. The taskforce was a government initiative as a result of from last year’s Productivity Commission report on the Australian retail sector recommending that while the low value threshold should be lowered or removed, it shouldn’t happen while the costs compliance outweighed revenue gained. This taskforce report identifies how the government can make the collection of revenue more cost effective and provides a roadmap for getting there. I like the recommendations put forward. They make sense. However, there is a long road ahead if they are to be implemented.
Why does this matter to newsagents? We are losing sales to online, especially overseas online. Any measure that can be taken to ensure an equal regulatory playing field for all retailers ought to be welcome.