Australian businesses, academics and other observers say the Government needs to be more transparent about its trade data and data requirements.
Key points:The Government says it wants to ensure the accuracy of its trade statistics, but many are sceptical, and some are worried about the impact of the Government’s data requirements on consumers and small businessesThe Government has said it will update the Data Retention Act in the future, but has not yet made a decision on the proposed changesTo make a comparison, a typical business owner can buy goods from Australia, import them, export them and ship them back to the country.
They can then sell those goods in Australia, and pay a GST or import tax on it.
The Government wants to make sure the data is accurate, but some people worry about the effect of the changes it will introduce.
Topics:government-and-politics,business-economics-and.financial-trends,economics,international-trade,international—business,corporate-governance,trade,industry,business,internet-culture,internet,internet+multimedia,information-and%20communication,internetcrime,online-frequencies,online,commerce,internetculture,information,commerce-and/or-business-industryContact James BancroftMore stories from New South Wales