[Peetwo]

RTR (red tape reduction): The forgotten Coalition government policy- why? 

Forwarded to me from cranky... : The $176 billion tax on our prosperity

Executive Summary

The economic cost of red tape in Australia is estimated at $176 billion per annum, or 11 per cent of GDP.

Red tape costs translate into $19,300 for each household in this country.

The economic costs of red tape (11 per cent of GDP) exceed the size of the Australian agriculture and mining sectors put together (nine per cent of GDP), and is almost double the manufacturing sector (six per cent of GDP).

Red tape costs ($176 billion pa) vastly exceed the costs of major Australian taxes – including personal income tax ($166 billion in 2013-14), company tax ($71 billion), the GST ($56 billion) and payroll tax ($21 billion).

The costs of red tape to the Australian economy also exceeds major items of government spending, such as social security and welfare ($156 billion in 2013-14), health care ($106 billion), education ($81 billion) and defence ($22 billion).

Recent estimates of red tape costs produced by the federal government understate the economic costs of red tape by a wide margin.

The Annual Deregulation Report series ignores state-local government compliance costs and the non-compliance costs of federal, state and local red tape, while the survey methodology used by the government is potentially dubious.

Given the scale of these red tape cost estimates, governments at all levels should reinvigorate deregulation and red tape reductions to promote future economic growth and productivity.

And also from cranky, a quote from Gina Rinehart asking the question?? 

Mining magnate Gina Rinehart says Australian politicians don't "have the guts" to tackle government spending.

Ms Rinehart said the cost of government was growing rapidly and this issue has been overlooked in the election campaign.

"There is one giant cost slab that isn't decreasing: government," Ms Rinehart told the Saturday Telegraph.

Ms Rinehart also took aim at the level of government red tape which needs to be overcome for developments.

She says her $10 billion iron ore project at Roy Hill has been slowed down by the around 400 government approvals needed.

"India has the guts to do what it's doing to cut at least federal red tape, with the consequent immense benefits to its people, driving INVESTMENT, jobs, economic growth and living standards - why can't Australia?" she said.

It has always intrigued me how many government departments & agencies proactively engaged in the previous Abbott led government policy of RTR with much documented savings made.

However CASA seemingly escaped any real scrutiny in their $300+million , 28+year RRP that has created voluminous, largely unusable, unreadable and now outdated regulations. These basically useless regulations create a huge red tape impost on industry for little to no recognisable safety benefit, while slowly strangling the substantial economic benefits of a vital industry. 

How & why are Murky Mandarin & the CASA Iron Ring able to get away with this travesty?


MTF...P2