Cost offset Business Community Individuals Total, by source ($ million) organisations Agency $62.4 $0 $2.3 $64.8 Are all new costs offset? costs are offset No, costs are not offset Yes,  Deregulatory—no offsets required  Total (Change in costs Cost offset) ($million) $0 – Option 5 CRS implementation on 1 January 2018: Average Annual – Regulatory Costs Change in Business Community Individuals Total change in costs Organisations cost ($million) Total, by $63.5 $0 $2.3 $65.9 sector Cost offset Business Community Individuals Total, by source ($ million) organisations Agency $63.5 $0 $2.3 $65.9 Are all new offset? costs are offset No, costs are not offset Yes,  Deregulatory—no offsets required  (Change in costs Cost offset) ($million) $0 – Option 6 CRS implementation on 1 July 2017: Average Annual Regulatory – Costs Change in Business Community Individuals Total change in costs Organisations cost ($million) by $65.1 $0 $2.2 $67.2 sector Cost offset Business Community Individuals Total, by source ($ million) organisations Agency $65.1 $0 $2.2 $67.2 Are all new costs offset? costs are offset No, costs are not offset Yes,  Deregulatory—no offsets required  Total (Change in costs Cost offset) ($million) $0 –
Cost offset ($ million) Business Community organisations Individuals Total, by source Agency $62.4 $0 $2.3 $64.8 Are all new costs offset? Yes, costs are offset  No, costs are not offset  Deregulatory—no offsets required Total (Change in costs – Cost offset) ($million) $0 Option 5 – CRS implementation on 1 January 2018: Average Annual Regulatory Costs Change in costs ($million) Business Community Organisations Individuals Total change in cost Total, by sector $63.5 $0 $2.3 $65.9 Cost offset ($ million) Business Community organisations Individuals Total, by source Agency $63.5 $0 $2.3 $65.9 Are all new offset? Yes, costs are offset  No, costs are not offset  Deregulatory—no offsets required (Change in costs – Cost offset) ($million) $0 Option 6 – CRS implementation on 1 July 2017: Average Annual Regulatory Costs Change in costs ($million) Business Community Organisations Individuals Total change in cost by sector $65.1 $0 $2.2 $67.2 Cost offset ($ million) Business Community organisations Individuals Total, by source Agency $65.1 $0 $2.2 $67.2 Are all new costs offset? Yes, costs are offset  No, costs are not offset  Deregulatory—no offsets required Total (Change in costs – Cost offset) ($million) $0
Implementation-of-the-Common-Reporting-Standard-RIS.docx