The Department of the Prime Minister and Cabinet has issued a new performance guide for Government regulators, inviting the public to comment.
Launching the consultation, Assistant Minister to the Prime Minister and Cabinet, Ben Morton said the new guide set out the Government’s expectations for regulator performance and reporting.
“The guide outlines principles of best practice and supporting guidance to assist Commonwealth regulators to report on their performance against these principles,” Mr Morton said.
“Strong regulator performance ensures that our regulatory settings are the best they can be.”
He said stakeholders believed the existing framework for regulator performance reporting could be improved, with the adoption of a more outcomes-focused approach.
“The guide will empower regulators to demonstrate and report on best practice performance that is in line with the Government’s expectations and supports investment and growth,” Mr Morton said.
“It also reduces duplication through removing the requirement to produce a separate regulator performance report.”
He said feedback was sought on the guide to ensure it was informed by business and community expectations of regulators.
The development of the guide is part of a focus on lifting regulator performance, capability and culture announced in the 2020-21 Budget. The deadline for submissions is 21 May.
The 9-page Regulator Performance Guide is available on the Deregulation Agenda consultation website at this PS News link.
