is about modernising our economy and maximising our opportunities to make our people, businesses and industries beneficiaries of the big changes underway in our society and our economy.hat creates more opportunities for more people in more parts of the country, not by just asking them to work longer for less.David Rowe
These initiatives will reduce compliance costs, ease the burden on businesses, and make them more productive.Because of all the work we’ve been doing behind the scenes, we’ll be announcing the permanent abolition of almost 500 nuisance tariffs on an array of imports from July 1 this year. Australian workers and businesses are not protected by these tariffs, but they still have to navigate the red tape involved and bear the compliance costs and these are often passed on to consumers.
We understand and value the contribution the mining and resources sector makes to our national economy and our changes will strengthen this sector. The grid will provide transparency around the regulatory landscape for the financial sector, giving greater certainty to industry to support engagement with proposed reforms and their implementation.It will help financial services businesses engage with the government and regulators more effectively and allow entities to allocate their resources more efficiently when implementing regulation – reducing compliance burden and costs.