Australian Government Response to the OECD Report – Towards a Seamless National Economy, 2009 Review of Regulatory Reform: Australia
Source: Australia. Minister for Finance and Deregulation. Government Response.
"The OECD report examines Australia’s regulatory governance system, including special topics on competition policy, market openness and federal-state regulatory issues. A key finding of the OECD’s review is that Australia’s sensible economic interventions and mature regulatory settings made a significant contribution to the resilience of the Australian economy in the face of the global financial crisis. The OECD concludes that the ‘impact of the global recession in Australia appears to have been less severe than in most other OECD countries’. The review also highlights Australia’s regulatory reform achievements more generally, finding that ‘Australia is one of the front-running countries in the OECD in terms of its regulatory reform practices’."