Tweaks, changes, adjustments and overhauls are on the way, after the Federal Government’s first biannual  'repeal day'.

Some legislators will be facing today with a hangover from the dizzying thrill of deregulation, after papers were submitted for the repeal of around 10,000 laws and statutes.

Collapsing reams of rules is hoped to save $700 million per year nationwide, if all the proposed changes go through.

That may not be the case however, as opposition to some of the repeal day measures has been raised in the 24 hours since.

It would be hard to argue that many parts of the legislation being removed should stay in place, as they are related to obsolete issues including the switch from imperial to metric measuring, setting up the Snowy Mountains Scheme and the rights of individual state naval forces.

Not all changes are so clear-cut, with some industries saying the moves would be counter-productive and others arguing that the reasons for the regulations still exist.

The repeal of the Future of Financial Advices reforms have been hugely contentious, with many authorities warning that winding them back would lead to another case like the collapse of Storm Financial, which destroyed the financial livelihoods of many investors.

“We do not want important protections to be lost under the guise of deregulation,” Opposition leader Bill Shorten said yesterday.

The changes have been welcomed by many leaders of the industries they effect.

Council of Small Business of Australia executive director Peter Strong has told business news outlet SmartCompany that repeal days should continue, keeping regulators on their toes.

“Because it is twice a year it becomes part of the calendar of events so public servants know to keep an eye on red tape... it is now something that is in the front of people’s minds,” Mr Strong said.

The removal of the Australian Charities and Not-for-Profits Commission (ACNC) remains one of the most strongly opposed deregulatory efforts, with charities saying it has been effective in streamlining the diverse needs of the industry.

There is also concern as to how effectively the charitable bodies will be watched when the responsibility is given to the Australian Tax Office, which is facing hundreds of staff cuts from its ranks.

Key measures to reduce perceived regulatory burden include;

· Standardised contracts for small-scale government work

· A move to credit and debit cards as the preferred option for government payments

· Streamlining of eight currently separate workers’ compensation schemes

· Paid parental scheme administration taken over by government

· Removing the requirement to periodically re-register imported chemicals

· Reduced accreditation requirements for the APEC business card

· Moving of offshore oil exploration permits to NOPSEMA

· No need to re-classify films when they are released in different formats

· Electronic records for job service providers

· No more road registration for slow-moving machinery

· Reduced reporting on lecture theatres for Universities

· Reduced paperwork for aged-care providers

· No English language tests for re-registering migration agents

· Lowered telecommunications access requirements

· Choice for ACMA not to investigate minor allegations

· New ability for ACMA to exempt TV and radio stations from submitting audited accounts

· A ‘One-stop-shop’ for environmental approvals, which is still being negotiated