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|Towards best practice: a guide for regulators||2.43 MB|
In collaboration with Victorian regulators, Better Regulation Victoria has developed a guide with 10 principles to support regulators in their journey towards best practice.
The guide sets out 10 regulatory practice principles under 3 themes, with sub-elements that detail how these principles may be put into effect.
Be clear on your regulatory outcome and the harms you are trying to minimise
Establish and refine your approach to minimising harms
Ensure your regulatory regime is fit for purpose
Support duty holders to understand the value of compliance and harm reduction
Support duty holders to comply
Target regulatory effort based on risk of harm
Evaluate and communicate your efforts and their impact on your regulatory outcomes
Work with regulatory peers and partners on shared harms and risks
Be transparent and accountable for how you perform your activities
Continuously improve your regulatory operations