New and converging digital technologies are disrupting the way we do business and old regulation needs to keep up.

4 December 2015

New and converging digital technologies are disrupting the way we do business and old regulation needs to keep up.

In 2015, over 20 deregulatory measures were introduced in order to reduce red tape and implement fit-for-purpose regulation. These measures have delivered savings of over $250 million per annum for businesses in the telecommunications, postal, broadcasting and radiocommunications sectors.

Together with the significant reforms undertaken in 2014, the Government has now:

  • implemented over 65 deregulation initiatives
  • removed over 3,400 pages of unnecessary regulation from the statute books
  • delivered estimated cumulative annual savings of $340 million for businesses and consumers in the Communications sector.

The Government remains committed to regulatory reform and will continue to ensure it supports productivity and growth for the Australian economy.

Reform saves communications sector $250 million