Colour head shot of Katy Gallagher, current Minister for Finance.

Senator the Hon Katy Gallagher

Minister for Finance

Cutting red tape to boost productivity across the economy

SENATOR THE HON KATY GALLAGHER
Minister for Finance
Minister for Women
Minister for the Public Service
Senator for the ACT

Date

Boosting productivity by cutting red tape, reducing duplicative processes, and working with the states and territories are key areas of focus for the Albanese Government in 2024 as we work to improve the quality of regulation and ease cost of living pressures for Australians.

The Minister for Finance, Senator the Hon Katy Gallagher said the $27.9 million in funding over three years from 2024-25 was provided in MYEFO, with ongoing funding of $9.4 million per annum.

“The reducing red tape agenda was left unfunded by the former Morrison Government so this investment will ensure that the team is able to deliver reforms that make a difference for businesses and individuals," Senator Gallagher said. 

Priority projects include:

  • Establishing a digital option to sign Statutory Declarations in myGov, estimated to save Australians $156 million in time and costs each year.
  • Making it quicker and easier for overseas health practitioners to come to Australia to work. 
  • Streamlining and standardising requirements for national worker screening in disability, aged, child and veterans’ care sectors while maintaining safety for care recipients. 
  • Improving Australia’s food standards to enhance consumer food choices by reducing costs for both industry and government.

The reform agenda will also focus on modernising regulation and improving regulator performance, including greater use of data and digital technology in delivering government services.

This is another example of the Albanese Labor Government cleaning up the mess of the former government and the funding cliff they left for regulatory reform work across Australia.

Further information on the Government’s Regulatory Reform agenda is available at:  regulatoryreform.gov.au

[ENDS]