International Law

Standardised business reporting

The Minister for Finance and Deregulation has announced that the Commonwealth and all of the states and territories have re-committed to supporting standardised business reporting (SBR).

SBR is working to an aggressive timetable to ensure red tape is cut by July 2010 by:

• Removing unnecessary and duplicated information from government forms;
• Using business software to automatically pre-fill government forms;
• Adopting a common business language, based on international standards;
• Aligning government reporting with natural business processes; and
• Providing a single online sign-on, form validation, and confirmation of forms receipt.

Full post as published by Australian Regulatory Compliance Review on July 03, 2008 (boomark / email).