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Modernising Business Communications

Media Releases

Date : 21 April 2021

Author: The Hon Josh Frydenberg MP & The Hon Ben Morton MP

THE HON JOSH FRYDENBERG MP

Treasurer

THE HON BEN MORTON MP

Assistant Minister to the Prime Minister and Cabinet

Assistant Minister to the Minister for the Public Service

Assistant Minister for Electoral Matters

 

JOINT MEDIA RELEASE

21 April 2021

MODERNISING BUSINESS COMMUNICATIONS

As part of our economic plan and deregulation agenda, the Morrison Government has committed to modernising laws within the Treasury portfolio so they are technology neutral. This will enable easier communication between businesses, individuals and regulators.

The first phase of legislative reform will focus on the key areas raised by stakeholders which are implementation-ready. These include:

Subsequent phases will consider reforms in additional areas that could benefit from greater technology neutrality, including:

Treasurer Josh Frydenberg said “these reforms will reduce the cost of doing business and form part of the Government’s economic recovery plan, making it easier for businesses to do business, invest and create jobs now and into the future.”

Assistant Minister to the Prime Minister and Cabinet, Ben Morton said “the Morrison Government is committed to helping our economy recover from COVID-19 by cutting red tape for business, consumers and not-for-profits, and providing greater opportunity for businesses to benefit from new technologies.”

The Government intends to finalise legislation dealing with phase one by the end of 2021.

Ends

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