The Treasury Portfolio Annual Report on Deregulation released yesterday highlights the deregulation activities undertaken by the Treasury portfolio during 2014. The report indicates that in 2014, the Treasury portfolio delivered a net reduction in the regulatory burden of over $570 million including tax regulatory savings of $156 million from streamlining tax returns using myTax, $67 million from improving PAYG instalment thresholds and $10 million from the removal of the mining tax.