IPA calculations reveal that a Trump-style “one-in, “two-out” rule to regulation would have cut red tape by over 107,000 pages since 2013. The Australian today covered the IPA’s latest report:
Analysis by conservative think tank the Institute of Public Affairs found that if at least two regulations were scrapped for every new one introduced under the Abbott and Turnbull governments, there would be 107,885 fewer regulatory pages and 6990 fewer rules.
It follows revelations in The Weekend Australian that the number of pages of commonwealth environmental laws had ballooned more than 80-fold since they began in 1971…
Small Business Minister Michael McCormack said the Coalition had reduced red tape by $5.8bn in the past 3½ years but was “certainly open to considering how a one-in, two-out rule may work for small business”.
“By making sensible and simple changes to paperwork, we will enable Australian businesses to spend more time on their business — pursuing new ideas, growing and creating jobs — and less time on unnecessary paperwork, boosting competitiveness,” he said.
Declaring red tape was one of the “primary factors holding back prosperity in Australia”, IPA research fellow Daniel Wild said the rule being used by US President Donald Trump would provide a structured approach to reducing red tape…
“Countries around the world have dedicated regulatory reform programs, but it is noticeably absent in Australia. This makes us less competitive and hinders our ability to attract international investment,” Mr Wild said.
“My main concern is the cumulative effect regulation has on our economy … We need to have a process that forces government agencies to think twice before they (add) regulation.”