Business groups demand regulatory reform in federal budget

Business groups representing around 30 different industries are calling on the Federal Treasurer to reduce regulatory red tape by 25% ahead of the upcoming budget. The regulatory burden currently costs Australian businesses approximately $160 billion annually, equivalent to more than the government's combined spending on Medicare and education. Examples include Victorian café owners requiring 37 licences to open and builders facing hundreds of thousands of dollars in approval costs for home construction.See omnystudio.com/listener for privacy information.