I was reminded the other day about the massive counting exercise the Queensland Competition Authority (QCA) has commission regarding the burden of regulation – an exercise that has found over 255,000 regulatory requirements imposed on Queenslanders across State Government portfolios (see chart below). The estimate for 30 June 2013 (the latest currently available) is some improvement over the baseline at the start of the Newman Government of around 265,000 regulatory requirements, but it would appear desirable to further reduce this number. Of course, some regulation is necessary to protect the community and environment from harm, but too much can unnecessarily constrain economic activity at a high cost. As I posted on previously, we need to get our regulations right so we can improve our productivity and living standards (Productivity push from Qld Govt needed as living standards growth stalls).
The data I’ve used in this post are available from the QCA website on the page containing the Office of Best Practice Regulation’s Annual Report.