Investment in future Transformation Agency is working across Government to make it simpler and faster for Government efficiency businesses and individuals to interact with Despite continued net reductions in the cost Government and comply with regulations. of complying with Commonwealth Efforts to streamline and improve access to regulations, the pace of reductions has Government services will increase the speed started to slow (Figure 2). The slowdown in at which businesses and individuals access net progress reflects a number of these services, further reducing the developments, including a shift in the focus of administrative burden of complying with the Agenda as it has matured towards Government regulations. regulatory reforms that require greater The National Business Simplification Initiative investment of effort and more coordination (NBSI) is based on an agreement between the across agencies to deliver substantial change. Commonwealth Government and all Some of these investments are already jurisdictions to work together to make it underway and the successful implementation simpler to do business in Australia. The goal of of these reforms should give rise to important the NBSI is to provide real savings to benefits. businesses so they can focus on growing their business, creating more jobs, developing new As part of the Government’s Digital products, and exploring new market Transformation Agenda, the Digital opportunities. Figure 2: Cumulative net compliance cost savings from September 2013 to 30 June 2017
Investment in future Government efficiency Despite continued net reductions in the cost of complying with Commonwealth regulations, the pace of reductions has started to slow (Figure 2). The slowdown in net progress reflects a number of developments, including a shift in the focus of the Agenda as it has matured towards regulatory reforms that require greater investment of effort and more coordination across agencies to deliver substantial change. Some of these investments are already underway and the successful implementation of these reforms should give rise to important benefits. As part of the Government’s Digital Transformation Agenda, the Digital Transformation Agency is working across Government to make it simpler and faster for businesses and individuals to interact with Government and comply with regulations. Efforts to streamline and improve access to Government services will increase the speed at which businesses and individuals access these services, further reducing the administrative burden of complying with Government regulations. The National Business Simplification Initiative (NBSI) is based on an agreement between the Commonwealth Government and all jurisdictions to work together to make it simpler to do business in Australia. The goal of the NBSI is to provide real savings to businesses so they can focus on growing their business, creating more jobs, developing new products, and exploring new market opportunities. Figure 2: Cumulative net compliance cost savings from September 2013 to 30 June 2017
annual_regulatory_reform_report_1_january_2016-30_june_2017-final.docx