Date Time $10M Challenge to slash business compliance burden Joint media release with the Assistant Minister to the Prime Minister and Cabinet the Hon Ben Morton MP The Morrison Government is committed to reducing the regulatory compliance burden on Australian businesses and has challenged the “RegTech” sector to help develop innovative solutions that can cut costs and streamline workflows. Under the Business Research and Innovation Initiative (BRII), Australian start-ups and small and medium businesses can submit proposals for ideas that address regulatory challenges. Successful applicants will then receive grants of up to $100,000 to develop their ideas and test feasibility over three months.