The South Australian government will hold its second annual Simplify Day in August this year, for the purpose of “cutting unnecessary red tape and removing outdated and redundant legislation.”

The government is seeking input from business and the community, with particular emphasis on “transport, consumer and business affairs, and agriculture.”

Assistant Minister to the Treasurer, Chris Picton, stated:

“Smart regulation can be a good thing and support businesses to grow – however we know that as our economy and the business landscape changes over time, old regulation can often present a barrier to growth.”

“We want to continue to proactively engage with businesses and the community to identify meaningful red tape reforms.”

The previous Simplify Day in 2016 supported red tape reform efforts in heavy vehicle registration, digital licensing and business, and there are many parts of the state’s economy which would benefit from further reform.

This decision is a positive step by the government, particularly in light of the economic issues afflicting the state.

South Australia’s economy is currently ranked 7th out of the 8 states, facing a significant decline in population growth and having the second-highest unemployment rate in the country. Moreover, a Sensis Business Index survey last year found that South Australia has the third-lowest level of businesses confidence, and a previous poll found that 61 per cent of South Australians, more than any other state, believe there is too much red tape on businesses.

On the South Australian economy, IPA Research Fellow Daniel Wild has previously stated:

“South Australia needs to be as competitive as possible if it is to reverse its economic fortunes and attract new businesses and job opportunities.”

“The last thing South Australia’s ailing economy needs is more red tape.”

This is a welcome move by the South Australian government. Red tape is a tax on innovation and prosperity, and the IPA calls for all levels of government to abolish burdensome regulations which are undermining entrepreneurship and productivity.