Environment Minister Albert Jacob has welcomed an agreement by the Western Australian and Commonwealth governments to create a single threatened species list.
Mr Jacob said the agreement had been recognised in the inaugural 2015 Red Tape Reduction Report Card focusing on the State Government's progress to improve processes across a range of industries.
"Historically, the Commonwealth Government and Western Australia have used different criteria to assess, rank and list threatened species as a basis for making decisions on the environmental impacts of development proposals," he said.
"This resulted in unnecessary duplication in species assessments and additional costs to developers.
"As of last month, the Commonwealth and Western Australian governments had agreed to align listing criteria and will create one single list based on the International Union for Conservation of Nature (IUCN) 'Red List'."
Mr Jacob said the IUCN Red List of Threatened Species was considered the most comprehensive, objective global approach for evaluating the conservation status of plant and animal species.
"This reform will have a direct cost saving for Western Australian projects that would otherwise have been impacted by unnecessary duplication, and the overall benefit will continue to grow as the lists become fully uniform over the next few years," he said.
"By continuing to offer the same rigorous protection to our most at-risk species, while cutting red tape for project proponents, we are delivering practical benefits to both our State's economy and environment."
Finance Minister Bill Marmion said the report card highlighted more than 30 benefits the Government had delivered to businesses and community over the past 12 months.
"The State Government is committed to continually review and improve government regulation, including reducing duplication, to save businesses time and money," Mr Marmion said.
Read the Government's Red Tape Reduction Report Card here Submit your ideas to reduce red tape and #ShredTheRed here
Environment Minister's office - 6552 5800
Finance Minister's office - 6552 6800