Economic reforms promised in 2006 delivered

THE body responsible for reviewing national reforms says most economic reforms promised in 2006 have been delivered, but largely with funds attached from the Federal Government.

In its final report on the "national seamless economy reforms", the COAG Reform Council says it has largely succeeded.

The economic reforms targeted long-term changes across energy, environment, construction, consumer law and a raft of other measures, for improvement in 2006.

Since then, the report found 31 of the 45 reforms promised have been completed or "largely completed", with another 11 "partially completed".

But it also found the COAG reforms delivered more where Commonwealth funds were attached to promises, to ensure state governments actually made the changes.

It found of the 45 reforms, 21 of 26 with money attached had been completed, while only 10 of the 19 without grants were finished.

Council chairman John Brumby said it "echoes" earlier reforms, which found "financial incentives" were more effective in accelerating the process.

While progress was made in most areas, mine safety and energy reforms, transport, and chemical regulations were either not finished or only "partially complete".


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