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IPART's Investigation into the burden of regulation in NSW and improving regulatory efficiency

Final Report and Government Response

November 2006

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It is generally accepted that inefficient regulation can impose unnecessary burdens on business and the economy which in turn can impede competition, productivity, investment and innovation. This has been a focus of a number of Commonwealth and State Government and inter-governmental discussions in recent years.

In recognition of this issue, the NSW Government instructed the Independent Pricing and Regulatory Tribunal (IPART) to identify areas of regulation imposing a significant unnecessary regulatory burden, indicate priority areas in which regulatory reforms could provide significant immediate gains, and develop recommendations to reduce unnecessary regulatory burden on business and the community.

IPART's Final Report was released on 5 October 2006, and the Government's response was issued on 9 November 2006.

The following is a summary of IPART's key recommendations to make NSW regulation more efficient and the Government's responses.

Recommendation:

Strengthen incentives for compliance with good regulatory process

Response

The Government supports these recommendations and will:

Recommendation:

Improve consultation

Response:

The Government supports these recommendations and will:

Recommendation:

Better targeting analysis

Response:

The Government supports these recommendations and will:

Recommendation:

Improve the quality of analysis

Response:

The Government supports these recommendations and will:

Recommendation:

Achieve best practice implementation of regulation

Response:

The Government supports these recommendations and will:

Recommendation:

Ensure appropriate review of regulation

Response:

The Government supports these recommendations and will:

Recommendation:

Take an adaptive management approach to implementing Tribunal's proposed regulatory process reforms by:

Response:

The Government supports these recommendations and will:

Recommendation:

That the NSW Government support and help facilitate the development of more efficient cross-jurisdictional regulation.

Response:

The Government supports this recommendation and will:

Full reports:

IPART Full's report and the NSW Government's full response can be can be found below in PDF format

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