The Australian Government has a plan to cut a net $1 billion in red tape every year. As part of that plan, there will be two parliamentary repeal days every year to cut unnecessary and costly legislation and regulation.
The 2015 Autumn Repeal Day was held on 18 March 2015. This was the third Parliamentary repeal day. As a result of legislation introduced and decisions made up to 18 March, the Government has announced reforms which, if fully implemented, would result in annual savings of over $2.45 billion in reduced compliance costs for businesses, community organisations, families and individuals.