This report argues that the Government has taken decisions to remove a net $2.3 billion in red tape, as at 31 December 2014, more than double the annual net $1 billion target.

Cutting red tape is at the heart of the Government’s mission to build a strong and prosperous economy for a safe and secure Australia. Poorly designed and inefficient regulation can impose unnecessary costs that damage productivity, deter investment and undermine jobs and growth. 

During 2014, the Government took action to remove over 10,000  regulations and redundant acts of parliament. This annual report details the progress being made across government including:

• the Government has taken steps to remove around $2.3 billion in red tape
• Deregulation Units have been established in every portfolio from existing resources to drive red tape reduction across the Commonwealth
• the Commonwealth is working with states and territories to reduce red tape across all levels of government.