Standardised business reporting
Australian Regulatory Compliance Review:
The Minister for Finance and Deregulation has announced that the Commonwealth and all of the states and territories have re-committed to supporting standardised business reporting (SBR).
SBR is working to an aggressive timetable to ensure red tape is cut by July 2010 by:
- Removing unnecessary and duplicated information from government forms;
- Using business software to automatically pre-fill government forms;
- Adopting a common business language, based on international standards;
- Aligning government reporting with natural business processes; and
- Providing a single online sign-on, form validation, and confirmation of forms receipt.