https://minerals.org.au/resources/business-leaders-call-for-25-red-tape-reductio...20 April 2026
Further quotes from the Alliance of Industry Associations:
Minerals Council of Australia, CEO Tania Constable PSM: “Australian mining projects face slow and complex regulatory approvals, making us more vulnerable to competition for mining investment from other resource-rich economies with lower regulatory costs and faster approval processes. It’s time for change so Australia can stay in the lead on mining and deliver the minerals the world needs by developing more mines, more quickly.”
Australian Banking Association, CEO Simon Birmingham: “Banks fully support a strong regulatory framework that maintains confidence in our financial system and better protects customers. This is not about lowering regulatory standards, rather finding opportunities to lift productivity, reduce costs for customers and deliver higher-quality banking products. Our industry welcomes opportunities to engage with government and regulators on initiatives to reduce the regulatory burden on banks and ultimately deliver better outcomes for customers.”
Insurance Council of Australia, CEO Andrew Hall: “Reducing regulatory red tape is one of the most direct levers available to ease cost of living pressures at a time when the Middle East conflict is driving up prices across the economy. For the insurance industry alone, that burden costs $3.5 billion every year – a 25 per cent reduction would deliver real relief for consumers right across the country.”
Australian Institute of Company Directors, Managing Director and CEO Mark Rigotti: “This isn’t about cutting corners. It’s about a regulatory system that works. When the growth in compliance roles outstrips jobs growth across the wider labour market, the balance is clearly wrong. Charities are feeling the pain just as much as businesses. Too many resources are being dedicated to onerous compliance obligations when they could be diverted to delivering vital services to the community.”
Master Builders Australia, CEO Denita Wawn: “The magnitude of the regulatory creep is magnified by Volume Two of the National Construction Code, which started out as a ‘glove box compendium’ for house builders, has grown from 93 pages in 1993 to 889 pages as it stands today.”
“The Productivity Commission estimates that each new home
bears regulatory costs of up to $320,000.
Builders are ready to build; they just need to be free from the red tape that has built up over the years.”