"The Act delivers national vehicle standards for new motor vehicles and regulates the first supply of used imported vehicles to the Australian market," Briggs said in a recent statement.
"Having modern and effective streamlined processes is vital for motor vehicle manufacturers and importers whilst ensuring the quality and safety of vehicles for car owners and all road users."
With the Act last reviewed 14 years ago, Briggs stresses the importance of updating its definitions and provisions in order to eliminate red tape.
Briggs stated: "Since the last review there have been significant changes in vehicle technology and the motor vehicle manufacturing industry. We are working to deliver a regulatory system that is in touch with industry best practice, encourages innovation and improves productivity.
"The review will identify options to reduce the regulatory burden on business and improve the safety, environmental and anti-theft provisions of the legislation. These options will be assessed in a Regulation Impact Statement' and public consultations are expected to commence mid-year.
"This is another example of the Australian government's commitment to remove the burden of excessive red and green tape currently stifling the productive capacity of our economy, and is in addition to the 8,000 unnecessary rules and regulations the prime minister has already committed to removing."
Briggs reported that overall the repeal is expected to reduce the "regulatory burden on industry" by roughly $1 billion a year.
