Media Release: Cutting Red Tape – The long and difficult road ahead

The Group of 100, Australia’s peak body for CFOs and senior finance executives, has today welcomed the Government’s continued commitment to cut red and green tape for Australian business.

“Today we again welcome the legislative and regulatory repeals but recognise that this is a long journey for the Government” said Neville Mitchell, National President of the G100.

“Many of the matters that have been announced to date have been the simple ones, the ‘low hanging fruit’ both from a practical and political perspective.”

“Future repeal days will require tougher political decisions, but these decisions are vital to ensure the continued success of the cutting red tape initiative.”

“One of the areas that the Government needs to focus on is extending mutual recognition of appropriate international standards” Mr Mitchell said.

“Despite vested local interests, Australia would be better served by adapting appropriate international standards rather than spending valuable time and money reproducing identical lists for Australia”

“The G100 looks forward to future tranches of repeals and encourages Government to make the hard decisions to support Australian business”.