BOOSTING PRODUCTIVITY AND DELIVERING EFFECTIVE, EFFICIENT GOVERNMENT
The Government is determined to deliver on its election commitment to reduce the cost of unnecessary and inefficient regulation on business and the community by at least $1 billion each year, every year.
Regulation won’t be the default position for government and will only be imposed where unavoidable.
Cabinet submissions will henceforth require regulatory impact statements that quantify the compliance costs imposed and matching compliance cost cuts where regulation is unavoidable. Excessive, unnecessary regulation stifles productivity, investment and job creation and saps business confidence. Over the last six years, more than 21,000 additional regulations were introduced, productivity declined and Australia fell in the global competitiveness rankings. There are currently more than 50,000 Acts and legislative instruments, many of which are
a handbrake on Australia’s ability to get things done.
The Government’s new approach recognises that regulation has a cost. Responsibility for the deregulation
agenda now sits with the Department of Prime Minister and Cabinet to ensure there is a whole-of-government approach to this critical issue. To further streamline government and reduce duplication, the Government will also abolish or rationalise 21 non-statutory bodies where activities are no longer needed or can be managed within existing departmental resources. Many of these non-statutory bodies have outlived their original purpose or are not focused on the
Government’s policy priorities. As a result, their work is best carried out by the relevant government
departments or agencies. Ministers will continue to receive advice from a broad range of sources including industry and community stakeholders, relevant departments and from Ministerial Advisory Councils. These measures demonstrate our commitment to improving productivity and delivering efficient, effective Government. 8 November 2013