Red Tape Repeal Day
The Federal Coalition Government’s Red tape reduction programme has now delivered $4.5-billion in red tape savings, Federal Member for Lyne Dr David Gillespie said today.
Dr Gillespie today welcomed a commitment that the government will strengthen its regulation reform agenda so that it focusses on changes that increase innovation and productivity.
“This is the fourth Red Tape Repeal Day of the Coalition Government, and I pleased to see that the momentum is continuing to strengthen in our overall agenda to cut red tape and reduce regulatory costs,” Dr Gillespie said.
“The Coalition made a commitment to reduce red tape by $1billion annually and I’m pleased to report today that we have already achieved that target with almost $4.5 billion in red tape savings in our first two years alone.”
“Recent significant savings include our reforms to the Renewable Energy Target and streamlining the Australian Taxation Office’s activities which will reduce annual compliance costs by $519.6 million and $185.2 million respectively. Measures like these will assist businesses to grow and invest.
The Coalition Government is introducing legislation to make it easier for terminally ill and injured people to access certain ATO-administered superannuation monies. Measures like these reduce the burden of red tap in times of hardship.
“We have repealed over 10,000 legislative instruments and introduced legislation to repeal over 3600 spent and redundant Acts from the Commonwealth books,” Dr Gillespie said.
“We have achieved a lot in just two years, but there is still much more to be done.”
“Now is the time to focus on productivity and the States.”
“We need to have regulation reform policy working in lock-step and supporting the Government’s other economic and social policies.
Cutting red tape has been a major part of the Coalition Government’s overall strategy to build a stronger, more productive and diverse economy.
From 1 July 2016, the Government will broaden its focus to regulation reforms that directly enhance innovation, competitiveness and productivity. Over the coming months we will consult stakeholders on the priorities, the tools to assess and prioritise change and the schedule of reform.
An important area to look at will include working bilaterally with a state or territory or with all states and territories together to remove duplication and regulation that hamper innovation and productivity.
More information is available at http://cuttingredtape.gov.au/