CANBERRA, ACT, Sept. 3 -- The Treasurer of Australia issued the following media release:

Australia and New Zealand will work together to improve and modernise regulation and reduce unnecessary compliance burdens, including those that are acting as barriers to achieving net zero targets.

We want to cut red tape where we responsibly can, to ease the burden on businesses, boost trade and make our economies more productive and resilient.

Today we welcome the release of the report the Australian Treasury commissioned from University of Queensland Professor Flavio Menezes to review regulatory standards acting as barriers to achieving net zero.

This is a direct result of work we jointly commissioned at the 2024 Australia-New Zealand Climate an...