delete Employees Compensation Regulations (Amendment)
The instrument amends the Employees Compensation Regulations, which mandate employer-provided compensation for work-related injuries. It modifies specific provisions such as benefit rates, eligibility criteria, or claims procedures.
Mandatory compensation inflates labor costs, reduces employment flexibility, imposes heavy compliance burdens, and creates moral hazard. It distorts market signals, reduces hiring (especially by small businesses), and harms competitiveness. Private insurance and freedom of contract could achieve coverage more efficiently without government coercion.