Australia 2020 and regulation

The first priority from the Economy stream at the Australia 2020 summit was:

This stream advocated a fundamental commitment to creating a seamless national economy and single national markets in major areas of economic activity (for example, labour, energy, water, transport and communications). The goal should be to minimise overlaps and bottlenecks and improve competitiveness. They will require clarification of roles, responsibilities and accountabilities between different levels of government. At present, however, Australia’s economy in major markets is highly fragmented: the COAG national reform process has identified more than 25 areas in which Australia has eight sets of different State and Territory regulations. In addition, we have multiple education and accreditation systems. A country of Australia’s size cannot afford this.