Australia's Regulatory 'Bonfire'

Australia
by Susan E. Dudley, Director, & Jeff Bennet
October 08, 2014

Published in Regulation Magazine, Fall 2014

The World Economic Forum ranks Australia 128th in the world in terms of the burden of government regulation, noting "the business community cites labor regulations and bureaucratic red tape as being, respectively, the first and second most problematic factor for doing business in their country." Concerns over regulatory burden have resonated with the Australian coalition government elected last September, which committed to "building a stronger, more productive and diverse economy with lower taxes, more efficient government and more competitive businesses…by reducing the regulatory burden that is strangling Australia’s economic prosperity and development.” This article outlines the Australian government's plans for regulatory reform, and the effects of those reforms on competitiveness and regulatory burden.

Read the full article