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Mulino says some regulation 'not thought through'
Financial Standard
|February 23, 2026
The Australian Chamber of Commerce and Industry (ACCI) released a report, Path to Prosperity: Slashing Red Tape to Unlock a Brighter Future, highlighting the increased complexity of Australia's regulatory framework.
The rising regulatory burden is estimated to have added at least $5.5 billion in business-related compliance costs over the last five financial years, the report found.
Regulatory reform stands as one of the most significant opportunities to unlock productivity gains and secure Australia's future prosperity, it said.
“Red tape has become a handbrake on Australia’s productivity and competitiveness,” ACCI chief executive Andrew McKellar said.
“Businesses are buckling under the weight of excessive compliance obligations, which are stifling innovation, deterring investment, and holding back economic growth.
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