King & Wood Mallesons

Asia-Pacific 100 position: 2

Coalition’s red tape reduction policy and green tape implications

This month, the Coalition released the Coalition’s Policy to Boost Productivity and Reduce Regulation. The policy is intended to transform and build on the Labour government’s regulatory reform agenda, which it states has failed. Notably, prime minister Kevin Rudd has adopted a number of these Coalition policies as part of what he describes as the ‘national competiveness agenda’, including promising to reduce green tape by streamlining the environmental approval process to remove duplication between state and federal government processes, which former prime minister Julia Gillard promised and abandoned.

Central to the policy is the Coalition’s ‘fundamental commitment to reduce the red tape cost burden imposed on the Australian economy by $1bn per year’. Cuts will be implemented by reforming the process by which new regulations are created, implemented and reviewed, cutting existing regulation, reforming existing regulatory processes and implementing ‘sensible whole-of-government initiatives’, mirroring the administrative and legislative measures that we have seen in existing Coalition states (Victoria, New South Wales and Queensland and Western Australia)…

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