Through the public inquiry programs, the Commission and its predecessor organizations contributed to these various reform efforts. In order to identify unnecessary burdens on business and the not-for-profit sector, a recent strand of this work involved annual ‘stocktakes’ of regulation in key sectors (From now business is devoted to both non-profit and for-profit organizations). From the economy-wide review by the ‘Regulation Taskforce’ in 2006 these followed on. The Australian Government with the completion of the sectorial stocktakes early this year asked the Commission to provide it with an assessment of these and other methods for evaluating their effects and other approaches to identifying priority reforms together with advice on enhancing the ‘frameworks’ for reform efforts.
There have been done lots of recent reforms in the Constitution of Australia, and by Commonwealth State which has shaped the national, business, government and corporate regulations. This report discusses the importance of national and corporate regulations, and also the impact of Constitutional impediments and commonwealth state rivalry.
The BCA acknowledges that there has been progress in regulatory reform in recent years in
Australia – most notably the progression of some of the Seamless National Economy reforms.
However, these efforts have been overshadowed by the substantial stock of existing regulation
that remains to be tackled, as well as the ever-increasing burden of new regulation.
In this context, the BCA considers that there are five key issues that governments must take into
account when approaching regulatory reform:
• Australia has a substantial stock of existing regulation, a significant proportion of which is likely to be unnecessary, excessive or poorly designed.
− Australia At last count had 24,000 different licenses across the country for a range of activities and well over half a million pages of regulation.
• The stock of regulation in Australia is growing at a rapid rate.
− The Commonwealth Parliament has on average introduced 6,000 pages of new legislation each year over the last decade.
• This regulatory burden is increasing the pressure on Australia’s competitiveness, at a time when the economy is sufferingimportantoperationalvariations. This will result in substantial costs if scarce resources are unnecessarily tied up in responding to over-regulation.
− Australia currently ranks 128th out of 148 countries for regulatory burden on the World Economic Forum’s Global C
• Over the past decade there have been numerous detailed analyses of regulatory systems in Australia, together with recommendations on what needs to be done to make them more effective and efficient, thereby reducing the burden on business.
− Since 2007 the Productivity Commission’s annual programs of benchmarking and reviewing regulation alone have produced over 4,500 pages of analysis and 155 recommendations, while attracting 600 submissions from the community.
ompetitiveness Index, down another 32 places from 2012.