The Essential Report Archive Read the latest report

  • Apr, 2014

    , , , , , , ,

    Regulation of industries

    Q. Do you think there needs to be more or less regulation of the following, or is the current regulation about right?

     

     

    More regulation

    Less regulation

    Current regulation about right

    Don’t know

    Aged care providers

    47%

    13%

    18%

    22%

    Banking

    42%

    10%

    30%

    18%

    Financial planning

    40%

    10%

    26%

    24%

    Mining

    39%

    14%

    25%

    22%

    Building and construction

    38%

    15%

    26%

    21%

    Planning and development

    34%

    19%

    24%

    23%

    Private education services

    32%

    19%

    26%

    24%

    Overall, respondents were more likely to think there should be more rather than less regulation of the industries listed.

    In particular, they wanted more regulation of aged care providers (47%), banking (42%) and financial planning (40%).

    While respondents aged 55+ were more likely to think there was too much regulation of businesses overall, they were more likely to want more regulation of financial planning (48%), building and construction (49%) and aged care providers (55%).

    48% of those on income over $1,600pw wanted more regulation of financial planning.

Error: