This report is the second installment (Wave II) of the longitudinal study examining the perceptions and experiences of services under the National Quality Framework (NQF) with respect to their level of regulatory burden. The Wave II perception survey was conducted in February and March 2014. The findings in this report are divided into two themes: (1) perception of overall burden; and (2) ongoing administrative requirements. Findings reveal that: (1) Respondents from centre-based services reported lower overall burden in Wave II (2014) than in Wave I (2013); (2) Respondents perceived lower burden with supervisor certificates and displaying information in Wave II. This effect was particularly influenced by respondents from preschools and kindergartens; and (3) A greater proportion of approved providers of not-for-profit services agreed that 'administrative requirements of the National Law and Regulations are simpler than the previous licensing and accreditation systems' in Wave II. [For "Report on the National Quality Framework & Regulatory Burden - [Wave I]," see ED626140.]