By removing unnecessary regulation and only imposing new regulation where it is absolutely necessary, the portfolio is helping the Government to reach its target of reducing red tape by at least $1 billion a year.
In total, the portfolio delivered $10.1 million in deregulatory savings between 1 January 2016 and 30 June 2017.
Annual Deregulation Report
On 28 May 2018, the Government released the Australian Government Annual Regulatory Reform Report: 1 January 2016 – 30 June 2017. The report outlines the achievements of the Australian Government in delivering its commitment to deregulation and to reduce costs and regulatory burden imposed by unnecessary red tape. The report, including a summary of key regulatory measures, is available from the Department of Jobs and Small Business.
The Regulator Performance Framework commenced on 1 July 2015 and forms an important part of the Government’s commitment to reduce unnecessary and inefficient regulation. The Framework guides Commonwealth regulators in minimising their impact on those they regulate while still delivering the vital role they have been asked to perform.
The Framework establishes a common set of six outcomes-based key performance indicators (KPIs) that will allow for the comprehensive assessment of regulator performance and their engagement with stakeholders, specifically:
- Regulators do not unnecessarily impede the efficient operation of regulated entities
- Communication with regulated entities is clear, targeted and effective
- Action undertaken by regulators are proportionate to the regulatory risk being managed
- Compliance and monitoring approaches are streamlined and coordinated
- Regulators are open and transparent in their dealings with regulated entities, and
- Regulators actively contribute to the continuous improvement of regulatory frameworks.
Regulators must establish metrics to support assessment against the KPIs.
In consultation with key stakeholders, DFAT has developed performance metrics for the Australian Passport Office, Australia’s Sanctions Regulator and the Australian Safeguards and Non-proliferation Office.
The metrics will be used by these three regulators in annual self-assessments of their performance.
2016-17 regulator self-assessments:
Further information on the Framework and regulatory reform more generally is available at Deregulation Agenda.