The Australian Government, with the agreement of Council of Australian Governments (COAG)’s Business Regulation and Competition Working Group, has requested that the Productivity Commission undertake a benchmarking study into regulatory impact analysis (RIA) processes.
In undertaking this study, the Productivity Commission has been requested to benchmark the efficiency and quality of Commonwealth, state and territory, and COAG RIA processes. The Commission is to specifically have regard to:
- when RIA are required and the factors which must be taken into consideration in analysis
- the mechanisms in place to ensure accountability and compliance with RIA processes
- specific evidence of where the RIA process has resulted in improved regulation
- how and when in the decision-making cycle decision makers engage
- whether there are leading practice examples in RIA that might usefully inform reform consideration by individual jurisdictions.
The study will compare processes and identify leading practices so that individual jurisdictions might learn from the experiences of others and to enable existing processes to be refined to maximise their effectiveness.
An issues paper for the study on Regulatory Impact Analysis: Benchmarking was released on 26 March 2012. The issues paper is intended to assist you in preparing a submission to the Commission.
This is a public study, and the Commission invites any interested party to make a written submission. Submissions should be lodged with the Commission by 14 May 2012.
More information, including the terms of reference, is available on the Productivity Commission website.