Goal 1 – Creating Sustainable and Profitable Businesses TASMANIAN HOSPITALITY INDUSTRY 2030 PLAN
WE OPERATE IN A FIT-FOR-PURPOSE REGULATORY ENVIRONMENT The hospitality industry accepts Government regulation, as it helps ensure there is a safe and equitable industry for Tasmanians to enjoy and for businesses to thrive. However, it is equally important that the regulatory environment is one that supports the industry, to help it grow and prosper, and not one that unduly impedes businesses with unnecessary or non-essential rules and obligations that achieve little. Importantly, as the industry changes and adapts over the years to meet the contemporary expectations of consumers, the regulatory environment must also change and adapt so that it is properly reflective of the needs of the day. It is also important that the industry and the regulators work together in ensuring compliance and resolving issues, as opposed to an adversarial approach. The industry and the government need to work together on critical issues that have a major impact on the viability and sustainability of businesses. One such example is insurance. The fires and floods that have occurred across Australia over the past few years have seen the cost of insurance skyrocket, in many cases simply becoming unaffordable. But a more recent trend has seen cases, particularly in Tasmania’s rural and regional areas, where underwriters have simply refused to insure hospitality businesses. This has placed those businesses at severe risk so the hospitality industry, and the government, will need to work together to create pathways where businesses can operate in a secure and sustainable operating environment.
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