Angus Taylor promises ‘red tape razor gang’ to find $40 billion in business savings

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The Coalition has pledged to cut 25% of Commonwealth red tape, promising billions in savings for Australian businesses. The post Angus Taylor promises ‘red tape razor gang’ to…

Opposition Leader Angus Taylor has promised to slash federal red tape by 25% in the first term of a Coalition government, in a move he says could save Australian businesses $40 billion annually.

Taylor made the announcement in a speech to Business Sydney on Monday, saying the Coalition’s “red tape razor gang” would be headed up by Deputy Opposition Leader Jane Hume.

“Each of my shadow ministers will identify red tape within their portfolio that we can slash,” Taylor said.

The opposition would cut the National Construction Code from 2,000 pages to fewer than 100, Taylor said.

It would also scrap some emissions regulations and reform environmental approval processes.

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Taylor said business compliance costs had risen from $65 billion in 2013 to about $160 billion today.

The Council of Small Business Organisations Australia (COSBOA) welcomed the proposal.

“For small businesses, less red tape means more time to serve customers, invest, employ and grow,” COSBOA said in a LinkedIn post.

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