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13 June 2012

Australian results in deregulation

An AAP despatch dated of today, summarizes the Australian governement's recently released annual update on its deregulation agenda. The report  - "Streamlined, Effective, Productive: an annual update on the Australian government deregulation agenda" - considers the regulatory review and reform measures of 2011 and 2012 that aimed to improve regulations for business, the community, consumers and the environment.The report details the partnership between the Commonwealth and the states and territories under a program involving 27 reforms due for completion by December 2013. Other measures include recent federal regulation for more efficient inspection of meat exports, a proposed new standard definition of a flood for insurance and the development of new pollution standards for light vehicles. The report noted figures from the Productivity Commission which showed 17 of the 27 major Commonwealth-state regulatory reforms could boost the nation's economic output by $6 billion a year.

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