National Cabinet has committed to eliminate unnecessary red tape and duplication across different levels of government.
The Morrison Government has prioritised reform of burdensome regulations under an agreement reached by all Federal, state and territory treasurers.
Treasurer Josh Frydenberg said the wide-ranging reforms detailed in the Work Priorities will deliver practical changes to charge the post COVID-19 economy.
“Small and medium businesses are the engine room of our economy and will benefit from these reforms which focus on eliminating instances where rules and regulation overlap,” the Treasurer said.
“The changes will eliminate unnecessary red tape and provide a much more common-sense approach for business.”
The reforms were developed by the Council on Federal Financial Relations (CFFR), the National Cabinet’s key financial work group, which is made up of Treasurers from each jurisdiction.
Work priorities is a key part of the Government’s Deregulation Agenda.
Minister Assisting the Prime Minister and Cabinet, Ben Morton, said the reforms will deliver significant benefits and build on the regulatory pain points identified by business.
“Business told us that when interacting with regulators, they don’t necessarily distinguish between different levels of government – they just see government.
“We are reducing costs by aligning the priorities with the messages from business to tell governments once, leverage trusted overseas standards, and streamline requirements across jurisdictions to improve national consistency.
“We’ve achieved more in this space through National Cabinet than what COAG could in a decade.”
Further information is available on the Deregulation Agenda website.