Low Business Costs

• Tasmania has the lowest business licensing costs of all jurisdictions in Australia.
• Tasmania is ranked third in the electricity price index behind New South Wales and Victoria.
• Businesses in Tasmania face relatively low rates of state taxes. Taxation severity for Tasmania, according to the Commonwealth Grants Commission, is the second lowest of all states and territories, behind Queensland.
• Tasmanian land and accommodation costs are the lowest of all the states and territories, reflecting the state’s relatively low rental costs for industrial and commercial land.
• Industry-based cost indices have been developed for manufacturing, finance and insurance, accommodation, cafés and restaurants and property and business services.
• Tasmania is ranked as the most competitive state or territory in terms of business costs for all four industries.
• Tasmania has the lowest total cost of employing workers in Australia.
  
  

(source: The Competition Index 2005)