A broad ranging review of the current NSW regulatory policy framework that underpins regulatory quality across the whole of the NSW Government. This included both policy and statutory requirements that govern how the Government develops, assesses, reviews and reforms legislation and regulations to the extent they impose costs on businesses, consumers and the community.

According to this paper, red tape costs the Australian economy $176 billion, 11 per cent of GDP, each year in foregone economic output. Similarly, in the US red tape is estimated to cost $2 trillion annually, or 12 per cent of GDP.

This framework aims to encourage regulators to undertake their functions with the minimum impact necessary to achieve regulatory objectives and to effect positive ongoing and lasting cultural change within regulators.

James Packer claims Australia does not accept online visa applications from China, and that Chinese people have to apply in English.

Summary : The framework set out in this paper provides guidance for auditing the performance of regulators in regard to the compliance costs they impose on business and other regulated entities. It complements other frameworks that are used to assess the performance of regulators in regard to their efficiency and effectiveness, and processes for ex...