2006- Rethinking Regulation, The Report of the Taskforce on Reducing Regulatory Burdens on Business (the Banks Report), is released in April. The report finds that regulatory compliance cost Australian business tens of millions of dollars each year and diverts time and resources from core business activities. In response, the Australian Government approves the development of SBR.
2007 - The SBR business case provides a detailed cost-benefit analysis and outlined the design of the proposed solution and implementation plan and strategies. The SBR Program, with Treasury as the lead agency, is established.
2008 - COAG incorporates SBR into its new regulation reform agenda. COAG's Business Regulation and Competition Working Group closely monitor SBR's progress.
2010 – AUSkey becomes available for use. The key SBR capabilities are launched on 1 July 2010 with all participating agencies able to receive reports.
Since launch – the program continues to work with government agencies, businesses, intermediaries and software developers to expand the application and value of SBR.
Last updated: 03 May 2012
Page ID: 13294