Australian Government Response to the Productivity Commission Annual Review of Regulatory Burdens on Business: Business and Consumer Services

Publication Summary

Since 2007 the Productivity Commission (PC) has been undertaking a series of annual reviews of the burdens on business from the stock of Australian Government (the ‘Government’) regulation in the following areas:

  • primary sector;
  • manufacturing sector and distributive trades;
  • social and economic infrastructure services; and
  • business and consumer services.

The reviews are designed to ensure that all Government regulations are efficient and effective, by recommending reforms which could offer net benefits to business and the community, without compromising underlying policy goals.

The PC released its report on the Annual Review of Regulatory Burdens on Business: Business and Consumer Services (the Report) on 12 October 2010.

In undertaking its review, the PC sought submissions from, and consulted with a wide range of stakeholders, including individual companies and business groups in the sector, regulators and policy departments.

The Report presents 18 recommendations, covering issues including government consultation, superannuation, rationalisation of legacy financial products, monetary thresholds applying to overseas investment in Australia and national registration of architects.

The Government’s formal response to the Report is set out below. The Government accepts or accepts in principle ten and notes eight recommendations.

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Last updated: 08 November 2013