1. Summary Table 1a: Summary of total net progress since September 2013 Reported ($ million) Net progress reported on the 2015 Autumn Repeal Day (18 March 2015) 2,449.1 Regulatory savings reported since the 2015 Autumn Real Day 2,111.4 (at Table 1b)1 Regulatory costs reported since the 2015 Autumn Repeal Day 75.9 (at Table 1c)1 Total net progress since September 2013 4,484.6 1 Measures not separately listed in this Overview generally include measures with regulatory savings or costs of less than $2 million. On occasion, exceptions have been made to incorporate announcements and other measures of interest that have savings or costs below this amount. Table 1b: Summary of key regulatory savings reported or announced since the 2015 Autumn Repeal Day with an impact greater than $10 million Reported 2015 Spring Repeal Day – key measures ($ million) Reforming the Renewable Energy Target 519.6 Enhancing communication through digital disclosure 299.1 Increasing flexibility for Australia Post 187.0 Raising the Research and Development (R&D) Tax Incentive Threshold 118.3 Enhancing the ATO online services for individuals and sole traders 109.1 Simplifying transfer pricing record keeping requirements 78.9 Enhancing the quality of Australia’s international education services 75.9 Increasing telecommunications competition in new developments 58.8 Stremlining individual income tax returns 2015 (myTax15) 57.4 Improving unclaimed money requirements on authorized deposit-taking institutions 35.9 Strengthening Australia’s export controls to align them with international best practice 35.4 Removing the Pharmaceutical Benefits Scheme (PBS) subsidy for non-essential over-the-counter 34.9 medicines (Sixth Community Pharmacy Agreement) Introducing the Seamless Traveller initiative 32.9 Improving access for NDIS participants and providers 31.4 Introducing flexible Explosive Trace Detection screening arrangements at Australian airports 30.2 Simplifying asset tests for Youth Allowance and ABSTUDY recipients 26.6
1. Summary Table 1a: Summary of total net progress since September 2013 Reported ($ million) Net progress reported on the 2015 Autumn Repeal Day (18 March 2015) 2,449.1 Regulatory savings reported since the 2015 Autumn Real Day (at Table 1b)1 2,111.4 Regulatory costs reported since the 2015 Autumn Repeal Day (at Table 1c)1 75.9 Total net progress since September 2013 4,484.6 1 Measures not separately listed in this Overview generally include measures with regulatory savings or costs of less than $2 million. On occasion, exceptions have been made to incorporate announcements and other measures of interest that have savings or costs below this amount. Table 1b: Summary of key regulatory savings reported or announced since the 2015 Autumn Repeal Day with an impact greater than $10 million 2015 Spring Repeal Day – key measures Reported ($ million) Reforming the Renewable Energy Target 519.6 Enhancing communication through digital disclosure 299.1 Increasing flexibility for Australia Post 187.0 Raising the Research and Development (R&D) Tax Incentive Threshold 118.3 Enhancing the ATO online services for individuals and sole traders 109.1 Simplifying transfer pricing record keeping requirements 78.9 Enhancing the quality of Australia’s international education services 75.9 Increasing telecommunications competition in new developments 58.8 Stremlining individual income tax returns 2015 (myTax15) 57.4 Improving unclaimed money requirements on authorized deposit-taking institutions 35.9 Strengthening Australia’s export controls to align them with international best practice 35.4 Removing the Pharmaceutical Benefits Scheme (PBS) subsidy for non-essential over-the-counter medicines (Sixth Community Pharmacy Agreement) 34.9 Introducing the Seamless Traveller initiative 32.9 Improving access for NDIS participants and providers 31.4 Introducing flexible Explosive Trace Detection screening arrangements at Australian airports 30.2 Simplifying asset tests for Youth Allowance and ABSTUDY recipients 26.6