Regulation Rumble 2024 - Comparing regulations and tax policies across states and territories to inspire a race to the top.
This is the second edition of the Business Council of Australia’s Regulation Rumble.
Regulation, red tape, and poorly targeted taxes make it more difficult and more costly to run a business. That means less jobs and less investment by the private sector. To inspire a race to the top, Regulation Rumble compares state and territory planning systems, payroll taxes, land taxes, licensing and other regulation that may be holding back business activity across Australia.
The report presents the BCA’s view on how the states and territories compare. The rankings are based on what has been implemented in mid-2024. That means that prospective policies announced but not yet in place are not factored into results.
The research in this paper has been put together by experts in the planning industry, together with economists and policy experts with expertise in taxation and regulatory reform. It builds on last year’s edition of Regulation Rumble, as well as recent policy work by the BCA such as our report on increasing housing supply, Its time to say yes to housing.
This year, we have increased the scope of Regulation Rumble. It now incorporates business licencing requirements, and the cost charged by worker’s compensation schemes. It also expands a number of metrics used to assess planning system performance, as well as a broader range of development types including energy and resource projects.
For the first time we have also combined the cost and regulation ranking with the planning ranking, to identify the best jurisdictions in the nation in which to do business.
Read the supporting documents and links below: