The Australian Government’s Regulator performance framework was released in October 2014. It encourages agencies to undertake their regulatory functions with the minimum impact necessary to achieve regulatory objectives and to effect positive ongoing and lasting cultural change within regulators. It is the responsibility of agencies to perform their regulatory functions efficiently, effectively and without imposing unnecessary red tape. These principles are embodied within the way we work and the way we deliver regulation and regulation-related services.
The framework requires that we self-assess our regulatory performance annually against six mandated key performance indicators:
- As regulators we do not unnecessarily impede the efficient operation of regulated entities
- Our communication with regulated entities is clear, targeted and effective
- Our actions as regulators are proportionate to the regulatory risk being managed
- Our compliance and monitoring approaches are streamlined and coordinated
- As regulators we are open and transparent in dealing with regulated entities
- As regulators we actively contribute to the continuous improvement of regulatory frameworks.
Our self-assessments are supported by evidence metrics (published as part our portfolio’s regulator performance framework document – available below).
We test our self-assessment results with our stakeholders, and finalise and publish our assessments after taking stakeholder feedback into account.
Our self-assessments and performance frameworks for 2016-17 and 2015-16 are available for download. We anticipate publication of the 2017-18 framework and our self-assessments in the first half of 2019.
2016-17 Regulator performance framework and self-assessment report
2015-16 Regulator performance framework and self-assessment