This article describes the challenges but also the rewards to industry, the community and the environment when a 'problem-centric' approach to regulation, rather than process-driven or function-driven regulation, is adopted by Australian regulators.

As anyone tasked with developing their agency’s regulatory strategy knows only too well, the landscape of available ideas is crowded and confusing. This presentation discusses some of the approaches that will be most helpful in making, explaining and evaluating regulators' choices, setting their posture and building their culture.