• Regulatory Impact Assessment

    The Regulatory Impact Assessment Program

    The Regulatory Impact Assessment program helps agencies to develop efficient and effective regulation that addresses a clear need in the community, and provides assurance to the Government and stakeholders that a proper assessment of options, including consultation with stakeholders has occurred.

    Regulatory Impact Assessment proceeds as follows:

    • Preliminary Impact Assessment
      • Outline of problem and proposed legislative solution
      • Better Regulation Unit included early in the process of regulatory design
      • Preliminary Impact Assessment lodged electronically 
    • Consultation Regulatory Impact Statement
      • Outline problem
      • Discuss non-regulatory and regulatory options
      • Include a benefit cost analysis of options
    • Decision Regulatory Impact Statement
      • Finalisation of the Consultation Regulatory Impact Statement, which must recommend a preferred option
      • Discussion of implementation plans
      • Outline of review plans
    • Decision Regulatory Impact Statement submitted to Cabinet  
      • The Decision Regulatory Impact Statement is submitted to Cabinet as part of the Cabinet Submission seeking the regulatory change  

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