Tuesday, 11 October 2016
Finance Minister Sean L'Estrange has reaffirmed the Government's commitment to reduce barriers to entrepreneurial activity, investment and employment through its 2015 Reinvigorated Regulatory Reform plan.
"This policy is cutting red tape for business and the community when dealing with government," Mr L'Estrange said.
"We also have a framework for progressing deregulation and improving the way new regulations are written so that they do not impose unnecessary restrictions on industry."
Now in its second year, the 2016 Red Tape Reduction Report Card highlights 36, of more than 100, initiatives in red tape reduction across Government.
"The Government has also introduced legislation to reduce unnecessary regulatory burdens and repeal obsolete laws in the transport, mining, and energy portfolios, which will deliver practical benefits to business and the community," the Minister said.
In May 2016, the Government announced the establishment of a red tape reduction team to target the removal of redundant, duplicated or cumbersome regulations, support business and help grow the local economy.
"Excessive red tape adds unnecessary costs and can delay business start-ups and expansion. The red tape reduction team's 90-day regulatory mapping projects identify opportunities for fast, practical reform recommendations to benefit businesses and foster jobs growth," Mr L'Estrange said.
To date, two projects are underway in the aquaculture and small-retail business sectors, with the aquaculture project nearing completion. There are also plans to start an additional 90-day project in the ecotourism sector.
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