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.
We like the recommendations put forward. They make sense. They will, if implemented, benefit the Tower retailers using our Point of Sale software who have online stores locally. They will also benefit our retail partners who lose business every day to online businesses trading from offshore. However, there is a long road ahead if they are to be implemented.