Since 2012 the Australian Chamber of Commerce and Industry's annual National Red Tape Survey has analysed the impact of red tape on Australian businesses.
The 2015 survey revealed the considerable regulatory burden of red tape on businesses. The majority of respondents said the amount of red tape had increased over the previous 12 months, affecting productivity, labour costs and business expansion.
Nearly half of respondents reported that the impact of regulation had prevented them from making changes to grow their business. More than one in four respondents said they spent at least 11 hours a week on compliance and almost one in two put the annual cost of compliance at beyond $10,000.
Some 55 per cent of businesses said they could not pass on the increased cost to consumers, so they are absorbing the costs of compliance themselves.
Watch an overview of the 2015 survey results and download the full results below.