Abbott eyes repeal of 8000 red tape laws

AAP, with a staff reporter

The Abbott government is planning a "repeal day" in parliament in March when it hopes to axe more than 8000 federal laws in a push to cut red tape costs.

The Australian reports that the "repeal day" is scheduled for the final parliamentary sitting week in March and is part of a federal government plan to slash red tape by $1 billion a year.

The Statute Law Revision Bill and the Amending Acts 1901-1969 Bill will propose slashing 8000 redundant laws going back around 100 years.

On the same day, parliament will be presented with a number of bills proposing the repeal of "burdensome regulations".

The bills are to be debated in the coming weeks, with the government reportedly claiming they'll represent the "biggest single reduction in federal laws ever put before the commonwealth parliament".

The "repeal day" concept is said to be borrowed from the US, where congress has regular repeal days.

The news comes after the coalition promised last year to cut red tape for Australian businesses by at least $1 billion dollars a year.