The Victorian Chamber of Commerce and Industry has released a Regulatory Reform Policy Paper to drive the next steps of regulatory reform in the state and grow business confidence and investment. The benefits of recent regulatory reforms are clear. Victoria’s Department of Treasury estimated that the $75 million investment made in the 2020 Victorian Budget on regulatory reform achieved $200 million in annual ongoing benefits through better and faster approvals and simplified processes, delivering a $2.67 return for every dollar spent. As businesses and households battle rising taxes and the increasing costs of living and doing business, maximising state productivity has never been more important. A high performing, fit-for-purpose regulatory environment is essential for business success, re...