costs - $5M). Likely sub $50k per year (lost as to 5 2 40 Information Clear requirement of the Restrictions could be Y N Not crucial, N Reduction Y Scheme N Simply an to be regulations placed on the type and but could in flexibility administrator option to entered in volume of data to be be useful if for scheme would need to require GEMS required. E.g. guidelines there are in assess further Register could be put in place additional costs to information needs information. that state that items of for require in greater depth information can only be information and make the required if there are which are by case for requests. good reasons to do so useful for (e.g. meeting the the that objectives of the successful only regulation would be delivery of compromised) and if the there is limited/no scheme. which regulatory burden is associated with it. crucial to be in the GEMS
costs - $5M). Likely sub $50k per year (lost as to 5 2 40 Information to be entered in GEMS Register Clear requirement of the regulations Restrictions could be placed on the type and volume of data to be required. E.g. guidelines could be put in place that state that information can only be required if there are good reasons to do so (e.g. meeting the objectives of the regulation would be compromised) and if there is limited/no regulatory burden associated with it. Y N Not crucial, but could be useful if there are additional items of information which are useful for the successful delivery of the scheme. N in costs for by that only which is crucial to be in the GEMS Reduction in flexibility for scheme to require Y Scheme administrator would need to assess information needs in greater depth and make the case for requests. N Simply an option to require further information.