Regulation of industries

Apr 1, 2014

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.