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Red tape

This Month

Westpac’s Peter King says house price stability would help the markets.

Westpac’s departing King sees two pain points for Australia

Peter King leaves having steered Westpac through an impressive turnaround. But he sees two problems Australia needs to solve. 

  • James Thomson

October

NAB chief executive Andrew Irvine says SME growth is vital for the economy.

‘It comes down to housing all the time’: NAB chief’s growth warning

The bank’s boss, Andrew Irvine, says access to talent is the biggest hurdle for SME growth. But our housing crisis isn’t helping. 

  • James Thomson

June

“From a whole-of-economy perspective, you’d say, well, isn’t it a problem that there are fewer companies going public?“: ASIC chairman Joe Longo.

ASIC trains its sights on private equity

The regulator is trying to work out what’s caused the slump in public listings, and whether this has triggered problems that ASIC needs to tackle.

  • Hans van Leeuwen

April

Alcoa’s Bill Oplinger.

Alcoa vows to ‘listen better’ as it closes in on Alumina

Alcoa boss Bill Oplinger says permitting delays in Western Australia showed the US company needed to listen better, as he prepares to spend $4.6 billion buying more Australian assets.

  • Peter Ker

March

Hancock Agriculture boss Adam Giles.

Rinehart boss blasts Labor’s ‘nature-positive’ agenda

Gina Rinehart’s business empire has hit out over what it argues are flawed plans to rewrite national environmental laws.

  • Brad Thompson
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Jim Chalmers announced a new banking regulatory policy at the AFR Business Summit, which will require ASIC and APRA to consider the burden of new regulation.

Chalmers pushes planning scheme amid torrent of new banking rules

The treasurer said the so-called regulatory grid would force regulators to consider the burden of changes on lenders, especially smaller and regional groups.

  • James Eyers
Jim Chalmers

Labor is modernising the economy

The Albanese government will make our economy more productive by easing compliance costs on business where we can, we will abolish hundreds of nuisance tariffs.

  • Jim Chalmers
Walk Free founder Grace Forrest.

Forrests lash Europe’s labour law climbdown

Germany and Italy kiboshed an EU law that would compel firms to weed out forced labour in their supply chains. The Forrests fear a ripple effect in Australia.

  • Hans van Leeuwen

September 2023

NSW treasurer Daniel Mookhey

Mental health compo drives $2.5bn hit to NSW Budget

Rising costs and liabilities in the government’s insurance schemes will lengthen the odds of a surplus in coming years.

  • Samantha Hutchinson
Westpac CEO Peter King, ABA CEO Anna Bligh, and Bendigo & Adelaide Bank managing director Marnie Baker met with Jim Chalmers at Parliament House on Wednesday night.

The UK answer to the banks’ regulation strangulation problem

Peter King and Anna Bligh met Jim Chalmers to call for a high-level planning scheme to force legislators and regulators to sequence compliance demands.

  • James Eyers

August 2023

Governments have the levers to pull to get growth and productivity moving, business chiefs say.

Slash red tape, boost migration to beat growth slump: CEOs

Business leaders say the government has the levers to lift productivity and economic growth, which the government expects to slump to a post-World War II low.

  • Michael Read

June 2023

The ‘regulatory grid’ would stop bureaucrats tripping over their own red tape.

Banks urge Canberra to copy UK playbook on easing red tape

UK regulators have to sit round a table twice a year and ensure their rule-making isn’t overloading the sector. The Albanese government has been asked to import the idea.

  • Hans van Leeuwen

February 2023

The number of temporary migrants in Australia has exploded, to a total of 1.9m people today.

Migration is Australia’s ‘special sauce’. But the system is broken

Our large, unstrategic, uncapped temporary program has become the centrepiece of our migration system – and its biggest source of problems.

  • Clare O'Neil
A reasonable concern about adding to carbon emissions shouldn’t be interpreted as a wish to stop all mining.

Letters: Hostility to mining, or to coal?

All mining isn’t coal mining; fossil fuel ban; uninterrupted power supply; population as a growth strategy; wrong anti-inflation levers; red tape; digital health records; Commonwealth Bank.

October 2022

All smiles ... Liz Truss puts on a brave face after a tough fortnight.

British PM sets out a classic Thatcherite playbook

The embattled Liz Truss didn’t reveal any policies, but forcefully laid out her values: cut red tape, put tax money back in people’s pockets, shrink the state.

  • Hans van Leeuwen
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July 2022

Assistant Treasurer Minister for Financial Services Stephen Jones.

Budget cuts needed after $1b blowout in business registry revealed

Labor will need to make additional budget cuts after uncovering a $1 billion blowout in the Coalition’s signature program to consolidate business registries.

  • Michael Read

May 2022

Universities are spending scarce resources dealing with red tape instead of teaching students.

Universities drowning in a sea of red tape

Universities have faced an onslaught of new red tape and regulation which is costing over $500 million a year.

  • Julie Hare

March 2022

Why would Australia need a CBDC?

Red tape slashed in PAYG budget overhaul

Small business will get a $1.85 billion cash flow boost in the budget with the Coalition set to overhaul pay as you go tax instalments and reveal major IT spending.

  • Ronald Mizen
Simon Bush, GM of Policy and Advocacy at the Australian Information Industry Association says a new body needs to cordinate new tech policies due to too much overlap.

Directors and industry at risk from ‘knee-jerk’ tech policies

Australia’s peak technology industry body has called for a new council to co-ordinate new regulations, warning the government is tying up companies in red tape.

  • Paul Smith
Electricians, architects and real estate agents are among professions set to benefit from the change.

JobPass scheme to unlock interstate work for up to 168,000 people

The new program will see some interstate professional qualifications recognised around the country without delays or lengthy paperwork.

  • Tom McIlroy

Original URL: https://www.afr.com/topic/red-tape-1mpg