INTHEBLACK December 2021 - Magazine - Page 40
F E AT U R E
// R E G U L AT O RY P O L I C Y
AT A G L A N C E
The amount of regulation
across sectors is
increasing on account of
growing complexity and
the resulting need for
adequate compliance
measures.
The ongoing attempts
to keep regulation fit for
purpose have meant that,
in many cases, the modern
regulatory environment is
challenging for businesses
to understand and
navigate.
In July 2019, the
Australian Government
established a Deregulation
Taskforce that aims to
increase the collaboration
between the private
sector and government
and reduce the regulatory
burden.
T H E C U R R E N T C H A L L E N G E F O R R E G U L AT O R S I S S T R I K I N G A B A L A N C E
BETWEEN COMPLIANCE AND THE DEMANDS OF A COMPLEX SOCIETY
W H I L E K E E P I N G T H E R E G U L AT O RY B U R D E N AS L I G H T – A N D E AS I LY
U N D E R S T O O D – AS P O S S I B L E .
STORY PRUE MOODIE
NEW HORIZONS
FOR REGULATORY
POLICY
40 ITB December 2021