Business Friendly Regulatory Environment


Australia has one of the most transparent and efficient regulatory environments in the world. Through proactive reforms, the Australian Government has shown a strong commitment to providing businesses with the right conditions for growth and investment.


Australia's business friendly regulatory environment is undisputed. In 2006, the OECD cited Australia’s approach to regulation as a best practice benchmark for other OECD countries.


Australia was identified as having the fewest restrictions on product markets of the 30 OECD countries, the least public ownership of business and the least restrictive impact of business regulation on economic behaviour.
In fact, with regulatory procedures taking just two days, Australia has been ranked as the third fastest place in the world to start a business.


Businesses can invest in Australia with confidence in the security and transparency of Australia's regulatory systems. This provides predictability and certainty for business planning.


Unlike many countries in the region, there are no foreign exchange controls in Australia and the currency is fully internationalised.


Capital flows, profit remittances, capital repatriation, transfer of royalties and trade related payments remain largely free from regulation.


Transparency in government policy is considered third best in the region, and Australia's legal and regulatory framework has been rated one of the top six economies in the world for encouraging enterprise competition.


The Australian Government's commitment to continuous improvement in areas such as intellectual property (IP) reform and business immigration ensures a streamlined, business-focused regulatory environment.


Recent reforms focus on greater labour market flexibility, trade liberalisation, industry deregulation, reductions in tariff barriers and the development of a better tax system – resulting in strong productivity and enabling businesses to be highly responsive to economic conditions.  

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