After years of government red tape reduction programs that have failed to halt the explosion of regulation, it’s time for a radical new approach. Here are five principles the government should follow to dramatically reduce the burden of overregulation currently costing the Australian economy $176 billion a year: eliminate the need for approvals and replace [...]
A new report from the Department of Industry has found that the Australian entrepreneurship downturn is worse than previously thought. Earlier this month the IPA’s new report on entrepreneurship, Reigniting Australia’s Entrepreneurial Flame, found that there were 15,000 fewer new businesses created in 2016 than in 2003 and a fall in business entry rate of 16 per cent. This finding, which was based on analysis of the ABS business counts data, is [...]
Australia's economic prosperity is under threat through red tape. The IPA's Matthew Lesh explains why this is, and what we can do to change it.
Free market think tank the Institute of Public Affairs has today released a new landmark report, Barriers to Prosperity: Red Tape and the Regulatory State in Australia, authored by IPA research fellow Daniel Wild, which highlights the extent of the red tape crisis in Australia “Red tape in Australia has reached a crisis point. Urgent [...]
Australia has experienced 26 years of unbroken economic growth. However, this aggregate figure masks stagnant wages growth and a deterioration in the living standards of many in the Australian middle class. The central cause of this deterioration is low and declining levels of business investment, which is approaching historic lows. Overregulation and red tape are [...]
The Institute of Public Affairs has tracked the state of entrepreneurship in Australia since 2014. This research was developed by Dom Talimanidis, the IPA’s former Ian Mence Fellow for Entrepreneurship, and is now part of the IPA’s Cut Red Tape to Unleash Prosperity project. Talimanidis found that the rate of firm creation, a key measure [...]