The Council of Australian Governments (COAG) has developed a wide-ranging agenda of national reforms. The Productivity Commission has been given the role of reporting to COAG periodically on the economic 'impacts and benefits' of the reforms.
In preparation for its first report, the Commission has been requested to provide this framework report outlining its proposed approach.
This framework sets out for COAG's consideration the broad approach and a sequence of reporting priorities that the Commission could follow in its substantive reports. It highlights the need to look at both the direct and indirect impacts of any reform, and to recognise that not all of the impacts in some areas will be measureable in economic terms. Assessments will also require varying degrees of judgement, and these will need to be informed by effective consultation processes.
The Commission has proposed that its first substantial report could cover reforms in the competition and regulation area, and reforms in the education area within the 'human capital' stream.
This research report was released on 19 January 2011.