AANA CEO Josh Faulks writes how the importance of balanced regulation during challenging times is emphasised. He notes that while Australia celebrates its Olympic success, the country faces significant economic and geopolitical challenges, including a potential global recession. Amidst this turmoil, Faulks argues that governments should focus on supporting the economy rather than imposing extreme regulations, particularly those affecting small and large businesses.
Faulks highlights concerns over proposals such as sugar taxes, advertising bans for unhealthy food, and plain packaging for confectionery. He argues that while some of these policies might have community benefits, they could have detrimental effects on businesses and jobs. He stresses the need for a proportionate and evidence-based approach to regulation, considering its broader impact on the economy.