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Coalition plans to cut red tape

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Opposition leader Tony Abbott will today outline opposition plans to reduce the burden of government regulation of businesses.

As AAP reports, Abbott says that a Coalition government will be able to reduce the burden by $1 billion a year.

"At the heart of strengthening the economy is reducing the red tape burden on business," Abbott told business leaders and media in Sydney.

"The regulatory burden we face in Australia has exploded massively since 2007."

Apart from dropping the carbon tax, a Coalition government would streamline environmental regulation and set up a deregulation unit within the Department of Finance and link senior public servants' bonuses to cuts to red tape.

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