More consistency across the Tasman in the standards for goods and services - could reduce administrative burdens and free up business capacity. 

A new agreement aims to streamline operations, reduce costs, improve quality and meet regulatory requirements in New Zealand and Australia.

Infometrics chief executive Brad Olsen told Ryan Bridge we were out of kilter with the Aussies on about 24 standards - so businesses effectively had to hire someone just to handle the paperwork. 

He says it's a main below-the-surface issue and barrier for businesses - that can put them off doing the work.