Better regulation to unleash innovation and productivity through Australia’s boardrooms

With Australians set to go to an election on May 3, the AICD has released its election platform, a 3-point plan to revitalise innovation and productivity through better and more fit-for-purpose regulation.

The AICD is calling on the next parliament to adopt a bold reform agenda within its first 100 days—better regulation and a contemporary approach to digital governance and disclosures to drive a revival in productivity and innovation, and a better economic future for all Australians.

Our 3-point plan:

Better regulation, including:

• 12-month freeze on new regulation (unless critically necessary)
• A Minister for Better Regulation
• Expansion of the Financial Services Regulatory Grid

Better digital governance, including:

o    De-identification of directors’ personal information on companies registers

• Urgent clarification of data retention laws

• Fund cyber resilience support for not-for-profit organisations

Better targeted disclosures:

• Streamline Mandatory Climate Reporting requirements
• Refocus Modern Slavery reporting for real impact
• Raise corporate reporting thresholds to reflect today’s economy

Access the election platform and comprehensive 3-point plan here.