The Australian Government is committed to
improving Australia’s productivity by minimising the costs of complying with regulation by at least $1 billion per year. Poorly designed regulation damages productivity, deters investment and undermines jobs and growth. In the agriculture sector, regulation of agricultural chemicals and veterinary medicines (agvet chemicals) is essential to protect the health and safety of humans, animals and the environment from the potentially harmful effects of these useful products. For primary producers, poorly designed regulation could delay or prevent the introduction of innovative chemical products and increase costs.