Leon Gettler: Repealing redundant laws and regulations dating back as far as 1900 is mere window dressing. By definition they dont waste anyones time - if they did theyd have been repealed long ago. Their primary purpose is to allow Tony Abbott to quote huge numbers: today I announce the abolition of more than 1000 acts of Parliament and the repeal of more than 9500 regulations. A trick you can pull only once...But the most objectionable feature of the whole red tape Repeal Day charade is the way it has been used as cover for rent-seeking by the Coalitions industry backers. Its an open secret the protections for investors provided by the Future of Financial Advice legislation are being watered down at the behest of the big banks, which want to be freer to incentivise unqualified sales people to sell inappropriate investment products to mug punters. Then theres the strange case of the Charity Commission,which was set up only recently to reduce inefficient regulation and red tape. Its to be abolished despite the objections of most charities, presumably because the Catholic Church doesnt like it.
Posted on: Sun, 23 Mar 2014 22:20:35 +0000
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