Regulatory stewardship is a responsibility of government regulatory agencies. It involves them adopting a whole-of-system, lifecycle view of regulation, and taking a proactive, collaborative approach, to the monitoring and care of the regulatory system(s) within which they have policy or operational responsibilities.
Regulatory stewardship is a statutory obligation for NZ government departments
The NZ State Sector Act now provides that one of the principal responsibilities of a departmental chief executive is to exercise “stewardship of ... the legislation administered by the department”.
- The State Sector Act defines stewardship as the “active planning and management of medium- and long-term interests, along with associated advice”.
- Most pieces of New Zealand legislation (both primary and delegated) are administered by a government agency, usually a department.