Efficient Regulation Report 2023
Measuring the red tape burden on Queensland businesses
Businesses told us reducing red tape and regulatory burden is the leading business challenge they want government to prioritise. Business Chamber Queensland’s 2023 Efficient Regulation Report shows both the costs and time required to meet regulatory burden have increased since 2021.
Business Chamber Queensland has been dedicated to addressing this significant issue for more than a decade, and in working with all levels of government to not only highlight the impact inefficient regulation has on business but to also identify opportunities for reform.
Since 2009, we have been conducting a Red Tape Survey every two years to understand the impact of inefficient regulation and requirements on Queensland businesses and to track changes to the burden of regulatory compliance.
Key findings of 2023
- 82% of businesses indicated costs associated with red tape increased since 2021.
- 80% of businesses indicated the time associated with meeting regulatory compliance has increased since 2021.
- 80% reported moderate to major negative impacts from regulatory compliance requirements.
- 70% indicated inefficient regulatory requirements had prevented their business growth.
- One in three employ staff especially to manage regulatory compliance.
What is red tape or regulatory burden?
Normal regulatory burden refers to the necessary and reasonable requirements that businesses and individuals face but red tape refers to any excessive and unnecessary bureaucratic procedures and regulations that can make it difficult for businesses to navigate and comply.