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Deregulation

Deregulation means removing laws and regulations so that there is less restriction and ‘red-tape’ for people who want to operate in an area. For example, where an industry applies for exemption from a Bargaining Council Agreement or Wage Determination, or where areas are designated as “industrial hives’ where wage regulating measures don’t apply. Deregulation can have a positive effect, for example, the lifting of regulations that control the granting of hawkers’ licenses so that more people can work as hawkers or street traders because the laws about getting a hawker’s license aren’t so strict. Deregulation is controlled by the Department of Labour whose role is to ensure that any form of deregulation will not have a negative impact on people in the workplace.

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