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Best Practice Guide for preparing Regulatory …

best Practice Guide FOR preparing Regulatory impact STATEMENTS December 2003 TABLE OF CONTENTS INTRODUCTION .. 3 BACKGROUND TO Regulatory 5 National Competition Policy .. 5 Business Regulation Review Committee .. 5 Mutual recognition .. 6 OTHER REASONS FOR Regulatory REFORM .. 7 Market failure .. 7 Institutional failure .. 7 Regulatory 7 STEPS TO Regulatory 8 WHAT IS A Regulatory impact STATEMENT (RIS)?.. 9 RIS AS A DEVELOPMENTAL TOOL .. 10 WHY SHOULD A RIS BE PREPARED?.. 11 REQUIREMENTS OF A RIS .. 13 Consultation .. 13 1. Identify the 15 2.

Best Practice Guide for Preparing Regulatory Impact Statements Any questions? Contact the Microeconomic Reform Section on 6207 3949 3 INTRODUCTION Regulation is any law, government rule or direction that requires certain conduct

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