Regulatory Reform

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ACCI Stands For:
Best Practice Regulation

That is efficient,cost effective & fair

Policy Objectives:

  •  A net benefit approach to new and existing regulation
  • An emphasis on the shift from a detailed and prescriptive “input-based” approach to a broader
    “output-oriented” approach. Businesses should be given flexibility in meeting
    the aims of regulations rather than simply having to meet set obligations
  • Appropriate accountability to ensure that essential objectives of regulation are achieved
    without unduly restricting or impacting on business
  • Regulatory structure that involves adequate consultation, assessment of the alternatives
    to regulation, accurate cost benefit analysis and the monitoring of the performance of
    regulatory agencies
  • A comprehensive and continuous review approach across jurisdictions led by a Commission
    level body at the Commonwealth level with greatly increased resources compared to the
    Office of Regulation Review in the Productivity Commission
  • Ensuring that the regulatory decision-making process is transparent, leads to fair outcomes
    and involves consultation processes that are accessible and responsive to business and the
    community
  •  New regulatory culture where there is an understanding of business processes and the
    burden created by regulatory compliance and a commitment to providing a “business-
    friendly” operating environment
  • Removal of overlap and duplication particularly resulting from separate Commonwealth
    and State regulation