Principles of best practice regulation
{"Image DocumentName": "Principles of best practice regulation", "Image ImageDescription": "Establish a case for action. Examine alternatives to regulation. Adopt the option with the greatest net benefits. Not restrict competition, unless\u2026 Provide effective guidance to regulators. Review regulation regularly. Consult effectively with stakeholders. Effective action proportionate to the issue. COAG has endorsed a set of principles of good regulatory process. These align with the RIS process. 4 Relates to the Competition Principles agreement that legislation should not restrict competition unless benefits of the restriction to community as a whole outweigh the costs and objectives of the regulation can only be achieved by restricting competition. 5. Provide effective guidance to regulators and regulated parties in order to ensure that the policy intent and expected compliance requirements of the regulations are clear. 6 Review regulation to ensure it remains relevant and effective over time. 7 Consult effectively with stakeholders and I will talk more about consultation later. 8 Government action should be effective and proportional to the issue being addressed. Effectiveness should be judged solely in terms of meeting the specified objective. Proportionality involves ensuring that government action does not \u2018overreach\u2019 or extend beyond addressing a specific problem or achieving the identified objective.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}