The Government released its Regulator Performance Framework as part of 2014 Spring Repeal Day. The Framework is an important part of its commitment to reduce the cost of unnecessary or inefficient regulation imposed on individuals, business and community organisations by at least $1 billion a year.
The Framework has been developed following consultation with a range of stakeholders and consists of six outcomes-based key performance indicators covering reducing regulatory burden, communications, risk-based and proportionate approaches, efficient and coordinated monitoring, transparency, and continuous improvement.
Commonwealth regulators that administer, monitor or enforce regulation will be required to implement the Framework. The Framework will apply from 1 July 2015 — with the first assessment period being the 2015-16 financial year.
Download the Framework
A media release about the Framework is available for viewing in the Media Hub section of the website.
List of Regulators Covered
The Department of the Prime Minister and Cabinet has developed guidance materials in consultation with portfolio Regulatory Reform Units and regulators to support implementation of the Framework. This guidance material can be downloaded below:
- Coverage – provides further information to assist in determining which Commonwealth entities and
functions are subject to the Framework. DOCX 120KB | PDF 203KB
- Key Performance Indicators – provides further information to assist in selecting, designing and reporting against the six outcomes-based key performance indicators in the Framework. DOCX 102KB | PDF 268KB
- Reviewing Performance – provides further information about the self-assessment and external review processes to assess regulator performance against the Framework. DOCX 96KB | PDF 209KB
What does the Regulator Performance Framework mean for Stakeholders?
This Framework isn’t just for regulators. It will benefit business and the community, including individuals. Please click below to download the summary document and find out more about what the Framework means for you.
If you interact with Commonwealth Regulators, there may be an opportunity to contribute to the way they assess their performance through the Framework. Find out more about how stakeholders may be able to provide feedback about regulators through the Framework.