Business calls on Government to target cost of red tape by a quarter at economic roundtable

Business leaders are urging the government to target a 25% reduction in red tape costs over the next five years, aligning with a Productivity Commission recommendation and similar calls from UK leader Keir Starmer. The Business Council of Australia (BCA) highlights the substantial compliance burden, estimated at over $110 billion annually, and suggests measures like a dedicated minister for regulation and harmonizing laws across jurisdictions.

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