A $305 million in red tape reduction will ease the burden on Australian businesses, community organisations, families and individuals.
This is the federal government’s third red tape repeal day.
Federal Member for Macarthur, Russell Matheson, says the measures built on the $2.1 billion in red tape reduction decisions announced by the government in October 2014.
“What this means for the businesses, community organisations, families and individuals in Macarthur, is less time filling out forms, less time waiting in queues and less time searching for government information,” Mr Matheson said.
“The Coalition set itself a target to reduce the regulatory burden by $1 billion a year. Not only did we exceed that net target by more than double in our first year, but we are now on our way to meeting a fresh new $1 billion target for 2015.”
The Coalition Government has also released the inaugural Annual Deregulation Report 2014, which sets out the achievements of the Coalition in the first year of its deregulation program, as well as the results of the first ever stocktake and costing of all Commonwealth regulation on the Australian economy.
“For the first time in Australian history, a Commonwealth government has undertaken a thorough and accurate stocktake of all federal regulatory costs and is consistently measuring and reducing the cost of Commonwealth government red tape on Australian businesses, organisations, families and individuals,” Mr. Matheson said.
“In the last year of the former Labor Government, Commonwealth regulation was costing Australians approximately $65 billion per year – a remarkable 4.2 per cent of GDP.
“Now, for the first time, a Commonwealth government has, with a very high degree of accuracy, publicly reported to Parliament a downturn in the total amount and cost of federal regulation.
“As at the government’s third Repeal Day this week, we have made decisions designed to decrease the $65 billion regulatory cost burden by $2.45 billion. To date we have implemented $1.57 billion of that $2.45 billion, with $880 million to be implemented.
“Australia now has its most precise, comprehensive and transparent program to reverse the growing costs of red tape on the Australian economy.”
Mr Matheson said that the Coalition Government had now repealed more than 10,300 legislative instruments and introduced legislation to repeal over 2,700 Acts of Parliament.
