‘Repeal Day’ sees scrapping of redundant and outdated legislation
PERTH (miningweekly.com) – The Australian resources sector on Wednesday welcomed the federal government’s plans to scrap a number of regulations in a move dubbed “Repeal Day”.
Led by Prime Minster Tony Abbott, the ruling Liberal party would introduce legislation to remove nearly 10 000 regulations and pieces of legislation that are deemed redundant, outdated or an imposition on business.
Abbott claimed that the repeal would reduce red tape across the economy by more than $700-million a year, every year.
The Australian Petroleum Production & Exploration Association (Appea) and The Minerals Council of Australia on Wednesday welcomed the repeal process, saying the “Repeal Day” inititiative would mark the start of a concerted effort to boost the sector’s global competitiveness.
“Already the government has committed to delivering a ‘one stop shop’ for environmental approvals to improve Australia’s investment climate. This will simplify the approvals process for businesses and investors while maintaining high environmental standards,” Appea said.
“Measures announced by the government to date are a solid start and are sorely needed if the resource sector is to secure further investment amid growing global competition.”
The industry bodies noted that the resources sector had long argued that duplicative requirements both within and between jurisdictions could be streamlined while maintaining the highest of environmental standards.
“Importantly, this Repeal Day marks the start of an ongoing reform process and the industry looks forward to further repeal initiatives.”
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