The NSW Productivity Commission has found keeping beneficial COVID-19 regulatory reforms would see a $3.1 billion boost to the NSW economy over the next decade.
Economic benefits come from increased employment flexibility, business flexibility and increased use of digital platforms.
Specific measures include:<\/p>\n\n\n\n
NSW Treasurer Matt Kean said the Lessons from COVID-19 Regulatory Relaxations paper released today outlines the ongoing benefits of these reforms for the economy and will help inform future regulations. The NSW Productivity Commission has found keeping beneficial COVID-19 regulatory reforms would see a $3.1 billion boost to the NSW economy over the next decade. Economic benefits come from increased employment flexibility, business flexibility and increased use of digital platforms. Specific measures include: $1.9 billion from long service flexibility allowing an employer and a worker to agree … Continue reading “$3.1 billion productivity boost from Covid-19 regulations reforms”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17491","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=17491"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17491\/revisions"}],"predecessor-version":[{"id":17492,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17491\/revisions\/17492"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=17491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=17491"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=17491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u201cThe Productivity Commission paper has confirmed that most of the temporary regulations that supported communities and businesses during the pandemic delivered valuable and immediate support and will boost the State\u2019s productivity by $3.1 billion over the next decade,\u201d Mr Kean said.
\u201cMeasures such as supporting businesses with more flexible retail operating hours and improving how people access long service leave have provided much needed support during the darkest days of the pandemic.
\u201cI look forward to hearing from regulators, the community and business representatives about future reform opportunities.\u201d
NSW Productivity Commissioner Peter Achterstraat AM said the analysis highlighted the value of trialling and testing new approaches when responding to an evolving crisis.
\u201cThe reforms increased flexibility such as digital execution and certification of conveyancing documents, business flexibility that allowed restaurants to prepare food for delivery, and employment flexibility that offered employees greater choice in accessing benefits,\u201d Mr Achterstraat said.
\u201cOur research found that the reforms driven by the pandemic provided significant direct benefits to the community and an ongoing boost to the economy. As we transition to living with COVID-19, our paper highlights the need for governments to continue to experiment with regulatory changes that promote new ways of working and living.\u201d
The Lessons from COVID-19 Regulatory Relaxations paper can be read here: https:\/\/www.productivity.nsw.gov.au\/lessons-from-covid19-regulatory-relaxations<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"