Editors --- "The Business Council of Australia Report on Regulation" [2006] AdminRw 23; (2006) 57 Admin Review 98

• The Business Council of Australia report on regulation

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The Business Council of Australia report on regulation

In May 2005 the Business Council of Australia released a report entitled Business Regulation Action Plan for Future Prosperity, which outlines a set of reform proposals relating to Australia’s regulatory system. The report notes the rise in government regulation, particularly in the last two decades, and suggests a number of principles for making such regulation more efficient. Among these are suggestions that regulation be subject to a cost–benefit analysis to ensure that benefits outweigh the administrative and compliance costs, that regulation set a framework and not try to cover a field, and that there be full transparency and accountability in the process of making and administering regulation.

The full report is available on the Business Council of Australia website <http://www.bca.com.au/>.