Cost savings to Australian businesses worth billions of dollars a year will result from the completion of most of COAG’s productivity-enhancing regulatory reforms, Chair of COAG’s Reform Council, John Brumby says.
Mr Brumby said the Council’s final report to COAG on the National Partnership Agreement to Deliver a Seamless National Economy found that Governments had implemented the majority of the reforms under the flagship agreement.
“Of the 45 reforms we have reported on over the life of this agreement, Governments have completed, or largely completed, 31 reforms, with a further eight partially complete,” Mr Brumby said.
He said the Productivity Commission estimated that completion of just 17 of these reforms could deliver up to $6 billion in productivity improvements to GDP and up to $4 billion cost savings for business each year.
Public Service news and events from around the world
In depth discussions on current topical issues
Expert advice in areas such as training, development, grooming and health.
Photos and faces from PS gatherings
A weekly round-up of features of interest to the Public Service
Reviews of some of the latest, most relevant books of interest to PS News readers
The latest and best in special interest and collectable DVDs and Blu-Ray movies
With travel, wine and dine, motoring and movies