27 September 2023

PM&C issues Guide to help regulators

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The Department of Prime Minister and Cabinet (PM&C) has announced the launch of a Guide to help lift the performance, capability and culture of Commonwealth regulators.

The Regulator Performance Guide was effective from yesterday (1 July) but has a transition period of one year. It replaces the 2014 Regulator Performance Framework.

The Department said the new Guide was a foundational part of the work to increase accountability, promote best practice, build the professionalism of regulators and support cultural change.

“It sets out three principles of best practice: Continuous improvement and building trust; risk-based and data-driven; and collaboration and engagement,” the Department said.

Assistant Minister to the Prime Minister and Cabinet, Ben Morton (pictured) said the Government’s deregulation agenda was focused on making it easier to do business in Australia.

“Our regulators need to be at the heart of this work,” Mr Morton said.

“They need to be clear on what we expect and what best practice looks like,” he said.

“The Guide is a part of our broader work to increase accountability, promote best practice, support cultural change and build the professionalism of regulators.”

Mr Morton said it set out the principles of best practice that underpinned the Government’s expectations of regulators.

“Reflecting this, the Guide also sets out the Government’s policy for issuing Ministerial Statements of Expectations to regulators on the Government’s objectives and policies relevant to the regulator’s statutory remit,” he said.

“The Guide reflects extensive consultation with stakeholders, including business and consumer groups, regulators and academics, on expectations of regulators.”

To support the Guide, PM&C has established a library of practical guidance and case studies on the deregulation agenda website.

The Department’s 12-page Regulator Performance Guide can be accessed at this PS News link.

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