Continuing to advance a single domestic market for services
The Government will pursue national regulatory reform with state and territory governments through the Council on Federal Financial Relations under National Cabinet.
The Government should develop a program of national regulatory reform to deal with domestic regulatory impediments and inefficiencies.
Recognising that there is no one Minister responsible for most professions, the Government should identify a champion to prosecute national consistency in business requirements for professional service providers through National Cabinet.
Progress to date
In the 2020-21 Budget, the Government announced a number of regulatory reforms to ensure essential safeguards are maintained, while making it easier to do business, including:
- investing $328.4 million to bust congestion in the regulation of farm exports, making it easier for farmers to get their goods to market and helping rural Australia recover from drought and COVID-19;
- establishing the Excellence in Professional Regulation pilot program to build regulator capability across the Australian Government, with an initial focus on agricultural export regulators;
- investing almost $800 million to enable businesses to take advantage of digital technologies to grow their business and create jobs; and
- investing $28.6 million to support initiatives to modernise Australia’s trade system and streamline border services.
National Cabinet is prioritising deregulation, and has tasked the Council on Federal Financial Relations with progressing targeted Australian Government, State and Territory regulatory reform through a coordinated deregulation agenda.