12,000 regulations removed for small business

New legislation  passed by Parliament today will remove around 12,000 regulations for small businesses, enabling SMEs to become more productive and efficient.

This removal of red tape will enable other regulations to be reviewed more coherently in the future, for example by looking at regulations across a particular industry sector.

"This is the first time such a major clean-up of regulations has been undertaken and will make things simpler for both businesses and individuals," Attorney-General Nicola Roxon said.

The Minister for Small Business, Brendan O'Connor, also said that the legislation's passage would be welcomed by small business owners across Australia.

"We are committed to lifting the regulation burden for business and today will see thousands of unnecessary and redundant regulations removed," Mr O'Connor said.

This comes in addition to recent reforms due to be fully implemented by the end of this year, the Seamless National Econmy Reforms, which include developing a national trade licensing system, nationally regulating specific industries such as chemicals and legal professions, as well as harmonising occupational health and safety laws.

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