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Business Sydney is an advocacy group for businesses in Sydney.[2] It is a division of Business NSW, the peak body for business in NSW.[3]

Business Sydney’s primary role is advocating, influencing and delivering policies and outcomes to drive economic growth.[4] The organisation aims to advance Sydney as a global, competitive and liveable city.[5]

Business Sydney is headed by its Executive Director, Paul Nicolaou. Nicolaou took up his current post as Executive Director in 2021.[4] In 2025, The Daily Telegraph named Paul Nicolaou the 88th most powerful person in Sydney.[6]

History

Business Sydney was established in 1825 as the Sydney Chamber of Commerce and is almost as old as the NSW Legislative Council.[7][8]

In 1996[9] or 2006[5] it became the Sydney Business Chamber.[citation needed] In 2021 Sydney Business Chamber became Business Sydney.[5]

By February 2012, the Sydney Business Chamber represented 120 corporations.[10] As of February 2026, Business Sydney states it has 140 members.[9]

In 2023 Business Sydney moved offices to join Business NSW at Level 7, 8 Chifley Square, Sydney.[5]

Purpose and programmes

Business Sydney states it supports the “economic, social, and cultural growth” of Sydney.[5]

In 2006 the Sydney Business Chamber launched the Sydney First membership offering.[5][a] Sydney First members are listed on the Business Sydney website.[13]

Business Sydney hosts over 50 events per year[14] and offers invitation-only membership.[15] Sydney First members are invited to exclusive forums as well as roundtables.[14]

Policy views

Housing policy

Business Sydney advocates for increasing the number of people living in the Sydney CBD. Paul Nicolaou has called for the population to be increased from 30,000 people in postcode 2000 to around 100,000[16] – 200,000.[2][17][18][16]

A recommendation of a report authored in collaboration with Urbis was to identify land suitable for essential worker housing. It also recommended implementing Inclusionary zoning on government land, requiring 25% to 35% on such land to be reserved for essential workers.[19]: 10, 11 

Nicolaou has stated Parramatta Road is an ideal candidate for more housing, however needs revitalisation.[20] Business Sydney published a report detailing Parramatta Road options in 2023 in collaboration with Business Western Sydney and the Housing Industry Association.[21]

Town Hall Square

Paul Nicolaou has stated the proposed Town Hall Square public space “makes little sense” for the CBD’s businesses and residents.[22] Nicolaou claimed “Demolishing the Woolworths building would tear at the commercial heart of the city at precisely the time it is needed most.”[23]

Glebe Island port

Business Sydney has criticised plans (and the associating uncertainty) to close the Glebe Island port. It is Sydney Harbour’s last deep water port.[24] Business Sydney and the Tourism & Transport Forum coordinated more than 20 peak bodies, companies and associations to form Sydney’s Working Port Coalition.[25] Nicolaou claimed closing Glebe Island Port would disrupt Sydney’s supply chains and inflate construction costs, and instead supported redeveloping Parramatta Road to deliver more housing.[26]

Speed limits

Business Sydney has stated reducing the speed limit across suburban streets in New South Wales to 30km/h would create “red tape and confusion”. Business Sydney opposed a New South Wales Greens proposal to reduce urban speed limits to 30km/h.[27] Under the proposal Councils would need to apply to increase speed limits for their local government areas.[28]

The City of Sydney‘s proposal for 30km/h sparked a backlash from Paul Nicolaou, who stated behalf of Business Sydney that a 30km/h speed limit in the Sydney CBD would be “another nail in the coffin for business”.[29] Paul Nicolaou has claimed “unreasonably low speed limits” risk impacting commercial life of the city.[30][31][29][32]

In 2020, Business Sydney co-authored and published a report recommending a 30km/h speed limit on Oxford Street to increase safety and encourage economic activity.[33]

Transport

In May 2024, The Daily Telegraph published an opinion article by Paul Nicolaou titled “Now is the time to tear up bike lanes blighting Sydney”.[34]

In July 2024, Business Sydney stated “Business Sydney has never opposed the introduction of bike lanes or general encouragement of bike riding”.[35] In October 2024 Business Sydney stated “we really are supportive of e-bikes” in a Parliament of NSW inquiry.[36]

Nicolaou stated in September 2024 “I think bike lanes do serve a purpose and we do need bike lanes that work efficient and effectively”.[37]: 45:27  In November 2024 Nicolaou suggested millions of dollars has been “blown” on “seldom used CBD bike lanes”[18], and repeated this claim in December 2025.[38]

In April 2023, Business Sydney called for the State Government to ask the Greater Cities Commission (formerly the Greater Sydney Commission) to conduct a review into cycleways.[39] Business Sydney claimed in May 2024 the “bike lane experiment is a fiasco”[34] and in July 2024 the “share bike experiment has failed”.[35]

Business Sydney claims a benefit of cycling is reduced motor vehicle use, however claims more consultation is required before cycleway construction.[35][39] In May 2024 Nicolaou stated “Business Sydney is all for bike lanes where it makes sense and there has been proper consultation with the business community”.[34] Nicolaou believes the lanes have “been put in the wrong spots”.[37]: 45:18 

In October 2022, Nicolaou called for a “two-to-three year moratorium on any new CBD cycleways”, which was also supported by the New South Wales Taxi Council and Tourism Accommodation Australia[40] (a division of the Australian Hotels Association[41]). In April 2025 Nicolaou again called for a “moratorium on the construction of bicycle lanes in the CBD”.[42]

In April and May 2025, The Daily Telegraph published several articles quoting Nicolaou’s criticism of bike lanes.[43][42][34] Paul Nicolaou stated in April 2025 a bike lane along King Street (Sydney CBD) might plunge the city into “even greater gridlock”.[42] Paul Nicolaou claimed building more bike paths in the CBD was causing “chaos” and commented less cars in the city is not the right thing to do.[43] Business Sydney claimed the two-way cycleway on King Street is a safety risk because the street is one-way for cars.[34] Clover Moore responded to the April 14 article with “If anyone’s got a “bike lane obsession”, it might be the Daily Telegraph!”[44]

Nicolaou described his advocacy on Sydney CBD cycle lanes in a September 2024 interview.[37] He might first speak to the relevant officer for a project.[37]: 46:04  If he doesn’t “get any joy out of them” he seeks to speak to the council CEO[37]: 46:17 , and if no joy to Clover Moore or other councillors.[37]: 46:22  He stated “Well they do listen to me. Whether they then actually implement what I suggest is another matter.”[37]: 46:59  If he can’t, “then I probably would ring up Ben Fordham or I’d get in contact with Ben English (editor of the Daily Telegraph[45]) or one of his editors” and say “Here’s an issue that you should help me advocate for through the media.”[37]: 46:07  Nicolaou stated Ben Fordham is a very powerful individual in Sydney[37]: 24:56  and is very influential.[37]: 48:41 

Nicolaou opposed the construction of the Sydney Harbour Bridge cycle ramp. He has suggested funding be redirected to reducing homelessness instead.[34][38]

In May 2026, Business Sydney proposed that the NSW Government extend the L3 light rail line from Kingsford to La Perouse via Anzac Parade in order to unlock up to 50,000 new homes.[46]

See also

Notes

  1. ^ Not to be confused with the Sydney First reports.[11][12]

References

  1. ^ “Paul Nicolaou appointed executive director of Business Sydney”. The Greek Herald. 10 September 2021.
  2. ^ a b Cooper, Nathanael. “Business Sydney boss reveals ambitious plan to transform CBD living”. The Daily Telegraph.{{cite web}}: CS1 maint: deprecated archival service (link)
  3. ^ Parkes-Hupton, Heath (19 September 2023). “Business body welcomes ‘fiscally responsible’ budget”. ABC News.
  4. ^ a b “Greek Australian takes on new role as Executive Director of Business Sydney”. Neos Kosmos. 10 September 2021. Retrieved 10 September 2021..
  5. ^ a b c d e f “About Business Sydney”. Business Sydney.
  6. ^ “Greek Australian heavyweights named among Sydney’s most powerful”. The Greek Herald. 3 December 2025.
  7. ^ Oswald Ziegler Publications; Sydney Chamber of Commerce (1968), We’re in business, Produced for the Sydney Chamber of Commerce, Sydney, N.S.W., Australia by Oswald Ziegler – via National Library of Australia
  8. ^ “Business Sydney Wins for Business”. Business Sydney.
  9. ^ a b “Wins for business”. Business Sydney.
  10. ^ Patricia Forsythe (29 February 2012). “INQUIRY INTO THE UTILISATION OF RAIL CORRIDORS – Submission No 38” (PDF). Parliament of NSW.
  11. ^ Edward J Blakely; Richard Y Hu (April 2007). Sydney First: Who’s Governing Sydney?, Sydney, Sydney Chamber of Commerce (PDF) (Report).
  12. ^ Sydney First – Governance Arrangements for Sydney’s Local Government Authorities (PDF) (Report).
  13. ^ “Our Members”. Business Sydney.
  14. ^ a b “Business Support”. Business Sydney.
  15. ^ “Business Sydney Member Benefits”.
  16. ^ a b Richard Cunningham (14 October 2025). “Paul Nicolaou: Sydney’s red tape warrior”. Australian Conveyencer.
  17. ^ Nathanael Cooper; Jack Rothfield; Tyson Jackson (24 October 2025). “Revealed: The big dreams Sydney has to remain the greatest city in the world”. News.com.au. The Daily Telegraph.
  18. ^ a b Nicolaou, Paul (7 November 2024). “Scooters will make bike lanes relevant” (PDF). The Daily Telegraph.
  19. ^ Ventura, Princess; Heller, Allison; Hems, Les; Frias, Carlos; White, James; Newcombe, Kylie; Nicolaou, Paul (September 2024). “Essential Worker Housing Urbis Submission” (PDF). Business Sydney.
  20. ^ Paul Nicolaou (18 July 2023). “Sydney’s first road needs restoration and revival” (PDF). The Daily Telegraph.
  21. ^ “Three-Roads – A solution to Sydney’s perfect housing storm” (PDF). Business Sydney. October 2023.
  22. ^ Hampson, Matt (11 February 2026). “‘Makes little sense’: Business leader tears into plans for new Sydney town square amid push from Clover Moore”. Sky News.
  23. ^ Jenkins, Peter (11 February 2026). “Sydney business group attacks plan to demolish Woolworths for new Town Hall Square”. The Daily Telegraph.{{cite web}}: CS1 maint: deprecated archival service (link)
  24. ^ Jenkins, Peter (17 November 2025). “Self-harm: Government to put Sydney at risk if it shuts our last working port”. The Daily Telegraph.
  25. ^ Connor Pearce (13 October 2025). “Glebe Island: The plan to save Sydney’s last working port”. Daily Cargo News. Archived from the original on 3 January 2026.
  26. ^ Karp, Paul. “NSW considers moving Sydney Harbour’s last working port for homes”. Australian Financial Review.{{cite web}}: CS1 maint: deprecated archival service (link)
  27. ^ Pocock, Savannah (25 November 2025). “Sydney Business fears Greens MP Kobi Shetty’s reduced speed limit bill will halt the city”. The Daily Telegraph.{{cite news}}: CS1 maint: deprecated archival service (link)
  28. ^ Savannah Pocock. “NSW drivers face 30km/h speed limits under proposed new Greens bill”. The Sydney Morning Herald.{{cite news}}: CS1 maint: deprecated archival service (link)
  29. ^ a b “Why are people calling for 30km/h?”. Bicycle NSW. 27 August 2024.
  30. ^ Lachlan Leeming (10 July 2024). “Business groups furious over blanket speed limit cuts to Sydney 50km/h zones”.{{cite web}}: CS1 maint: deprecated archival service (link)
  31. ^ Aleisha Orr (11 July 2024). “‘Over the top’ or a life-saving move? The push for 30km/h speed limits”. SBS News. Archived from the original on 26 November 2025.
  32. ^ Joe Attanasio (17 September 2024). “Renewed calls for major road rule change that could affect millions”. Yahoo News.
  33. ^ “HIGH TIME: THE FUTURE OF OXFORD STREET” (PDF). Business Sydney. November 2020. p. 12. Archived (PDF) from the original on 1 January 2026.
  34. ^ a b c d e f Paul Nicolaou (29 May 2024). “Now is the time to tear up bike lanes blighting Sydney” (PDF). The Daily Telegraph. Archived (PDF) from the original on 4 July 2024.
  35. ^ a b c Paul Nicolaou (10 July 2024). “Business Sydney Share Bike Submission” (PDF). Archived (PDF) from the original on 13 December 2025. Paul Nicolaou. “Submission No 65 – INQUIRY INTO USE OF E-SCOOTERS, E-BIKES AND RELATED MOBILITY OPTIONS” (PDF). Parliament of New South Wales.
  36. ^ “INQUIRY INTO THE USE OF E-SCOOTERS, E-BIKES AND RELATED MOBILITY OPTIONS” (PDF). Parliament of New South Wales. 29 October 2024.
  37. ^ a b c d e f g h i j “#463 Paul Nicolaou: Leading Sydney’s future by supporting Small Businesses & addressing issues head-on” (Interview). Interviewed by Mark Bouris. The Mentor with Mark Bouris. 30 September 2024.;“#463 Paul Nicolaou: Leading Sydney’s future by supporting Small Businesses & addressing issues head-on” (Interview). Interviewed by Mark Bouris. The Mentor with Mark Bouris. 30 September 2024. Archived from the original on 14 February 2026.
  38. ^ a b Nicolaou, Paul (9 December 2025). “Spending priorities all out of wack” (PDF). The Daily Telegraph. p. 19. Archived (PDF) from the original on 14 February 2026.
  39. ^ a b Nicolaou, Paul (12 April 2023). “We’re being taken for a ride over cycle ways planning” (PDF). The Daily Telegraph.
  40. ^ Gary Nunn (30 October 2022). “Cycling wars resume in Australia’s biggest cities – but is it a ‘bikelash’ or just nimbyism?”. The Guardian.
  41. ^ “Australian Hotels: Contributing to economic growth and national prosperity” (PDF). May 2013. pp. 6, 21. Archived from the original (PDF) on 24 December 2013. Retrieved 23 December 2013. “Tourism Accommodation Australia (TAA) is a division of the AHA representing the needs and interests of Australia’s accommodation sector.”
  42. ^ a b c Madeleine Bower (21 April 2025). “Sydney CBD set to suffer more bike lane ‘gridlock’ as business leaders call for pause and review”. The Daily Telegraph.{{cite web}}: CS1 maint: deprecated archival service (link)
  43. ^ a b Madeleine Bower; Olivia Lancuba (14 April 2025). “‘They just complicate things’: Bike lane madness exacerbates Sydney CBD congestion”. The Daily Telegraph.{{cite web}}: CS1 maint: deprecated archival service (link)
  44. ^ Clover Moore (14 May 2025). “(Untitled LinkedIn post)”.
  45. ^ “Ben English appointed new editor of The Daily Telegraph”. The Daily Telegraph. 8 October 2018.
  46. ^ Potts, Preston (12 May 2026). “Aussie suburb in line for 50,000 houses if ‘missing link’ is completed: ‘Opportunity’“. Yahoo News. Archived from the original on 18 May 2026. Retrieved 18 May 2026.