Develop a strategy to establish, document, publish Set and publish targets for reducing key approval and improve administrative processes. processes. Collect timeliness measures relating to administrative and compliance processes and report against them in annual report. Measure takeup of eenabled systems. Ratio of eenabled data collection to manual completion/paperbased forms. Riskbased strategies Develop a risk management framework. Demonstrate in annual reports how riskbased strategies have been applied to high impact Undertake a comprehensive risk assessment of inspection and enforcement activities. regulated businesses. Develop a strategy for targeted enforcement and compliance activities that are proportionate to risk category. Compliance related assistance and advice Undertake stakeholder consultation on existing Publish measures relating to the quality of guidance and developing new guidance to ensure information (for example, timely, reliable and it is easy to understand and comprehensive. comprehensive). Monitor impact of assistance and advice on regulated parties. For example, majority of businesses benefit from advice and guidance. Strategies and measures for the recommended element of good regulatory practice Improvement strategies Improvement measures/evidence Incentive-based regulation Collect relevant data to evaluate regulatory Data sets on interactions between regulator and outcomes. regulated entities, including but not limited to: Develop understanding of regulated entities’ number and frequency of audits/inspections; behaviour and incentives number and frequency of requests made by regulated entities; and rates of non-compliance. Strategies and measures for other suggested elements of good regulatory practice Improvement strategies Improvement measures/evidence Role clarity
Develop a strategy to establish, document, publish and improve administrative processes. Set and publish targets for reducing key approval processes. Collect timeliness measures relating to administrative and compliance processes and report against them in annual report. Measure takeup of eenabled systems. Ratio of eenabled data collection to manual completion/paperbased forms. Riskbased strategies Develop a risk management framework. Undertake a comprehensive risk assessment of regulated businesses. Develop a strategy for targeted enforcement and compliance activities that are proportionate to risk category. Demonstrate in annual reports how riskbased strategies have been applied to high impact inspection and enforcement activities. Compliance related assistance and advice Undertake stakeholder consultation on existing guidance and developing new guidance to ensure it is easy to understand and comprehensive. Publish measures relating to the quality of information (for example, timely, reliable and comprehensive). Monitor impact of assistance and advice on regulated parties. For example, majority of businesses benefit from advice and guidance. Strategies and measures for the recommended element of good regulatory practice Improvement strategies Improvement measures/evidence Incentive-based regulation Collect relevant data to evaluate regulatory outcomes. Develop understanding of regulated entities’ behaviour and incentives Data sets on interactions between regulator and regulated entities, including but not limited to: number and frequency of audits/inspections; number and frequency of requests made by regulated entities; and rates of non-compliance. Strategies and measures for other suggested elements of good regulatory practice Improvement strategies Improvement measures/evidence Role clarity