This guide has been written to help policy makers see regulation in a new light.
The federal government’s rigorous approach to policy making seeks to ensure that regulation is never adopted as the default solution, but rather introduced as a means of last resort.
Regulation can have benefits, but businesses, community organisations and families pay the price of poor regulation.
Regulation can’t eliminate every risk, nor should it. We therefore seek better regulation, not more regulation. Policy makers must seek practical solutions, balancing risk with the need for regulatory frameworks that support a stronger, more productive and diverse economy where innovation, investment and jobs are created.
With this new approach, stakeholders can look forward to a future with substantially less red tape and Australia’s economy continuing to grow and prosper.