1. Reforming Regulation The Government is focused on striking the right balance between necessary regulation and removing barriers to innovation and growth Repealed Legislation Repealed over 10,000 legislative instruments and introduced legislation to repeal around 3,600 Acts of Parliament Exceeded Government’s annual $1 billion red tape target $4.5 billion As of 2015 Spring Repeal Day 12 November 2015 Improved Access to Government services for over 8 million Australians Savings For every $1 added to the cost of regulation, the Government has made decisions that cut over $11 A New Framework for Government regulation Every Cabinet Submission now requires a RIS to assess costs and benefits of proposals The Australian Guide to Regulation setting principles for good regulation The Regulator Performance Framework to improve how regulation is implemented www.cuttingredtape.gov.au

2. Reforming Regulation Lifting productivity for businesses Making it easier for small to medium businesses to finance their export activity. Reducing processing time for some transactions by 40 per cent This and other improvements could save businesses an average of $5,000 per export contract ATO simplified how some businesses work out their monthly Pay As You Go (PAYG) tax instalments Saving $2.7 million in compliance costs annually An estimated 447,000 small businesses will also benefit from higher entry thresholds to the PAYG system by reducing the need for low-risk stock and pet food to undergo the intensive AgVet chemical assessments making them easier to access and improving productivity Saving $7.85 million in compliance costs annually Advice and support for businesses Assisted over 102,000 contacts through business.gov.au since Monday 30 June 2014 Moving to online claims by health professionals for Medicare bulk billing. Benefits around 15,000 Health Professionals Reducing administrative costs by moving from the current paper- based channels Reducing duplicate assessments for Australian manufacturers of medical devices Locally-made medical devices can get to market more quickly saving up to $6.1 million in compliance costs annually using conformity assessment certification from European notified bodies www.cuttingredtape.gov.au Assisting Farmers

3. Reforming Regulation Easier access for Individuals Simpler more flexible identification requirements Removing the need for consumers to provide identification twice when buying and activating a prepaid mobile and providing industry with more flexibility in verifying identification Saving $40.1 million in compliance costs annually New ATO myDeductions initiative Clients can capture their deductions for the 2015-16 year by simply taking a photo of the receipt and uploading it Easier tax returns Reduced record keeping cost for tax payers Improving access for NDIS participants with new online self-service capabilities to improve customer service Saving $31.4 million in compliance costs annually Reducing time spent applying for a passport by: making it easier to replace a lost or stolen passport and issuing ten-year validity passports to child applicants aged 16 or 17 Enhancing myGov services Over 8 million myGov users now have secure and convenient access to 10 member services through the use of a single username and password Saving $ 93 million in compliance costs annually www.cuttingredtape.gov.au