In its role as a partner, the state holds – and uses – considerable quantities of information which businesses are legally obliged to provide, often
repeatedly. By introducing its ‘once only’ principle, in which time-consuming, multiple disclosures to government authorities are dispensed with, the Federal
Government is explicitly and permanently reducing red tape for businesses. In future, information will need to be provided only once, and government
authorities will then exchange necessary information between themselves without any further action being required from the company.