assist regulators to function effectively and efficiently by providing administrative frameworks and resources that enable them to adopt consistent, riskbased and bestpractice approaches, and feedback on their performance to ensure the objectives of the regulations are being met. The Compact also tracks government progress on agreed reforms, focussing initially on the seven priority areas for major reform agreed at the first Business Advisory Forum in April 2012 as well as the Seamless National Economy Reforms. This provides transparency of agreed purpose and ensures that governments are held accountable for progress on reforms. The Forum agreed that the existing reform agenda has primacy and that this should be reflected in the Compact. However, as this agenda is completed, the priorities of the Forum are expected to evolve and so too may the focus of the Compact. Regular review of the Compact every three years will ensure that it remains relevant and reflects the priorities of governments, business and other stakeholders. The first review will commence in 201516. The Compact is available at www.dpmc.gov.au/publications. Next Meeting of the Forum Participants agreed that the Forum is providing a valuable input from business on key regulatory and competition issues being considered by COAG and that it should continue to do so. To this end, the next Forum will immediately precede the next COAG meeting in the first half of 2013. Participants agreed it was important that the next Forum maintain the focus on the current priority reforms by reviewing progress on these but also consider other options for competition and regulation reform. Further information from the is available at www.dpmc.gov.au/publications.
assist regulators to function effectively and efficiently by providing administrative frameworks and resources that enable them to adopt consistent, riskbased and bestpractice approaches, and feedback on their performance to ensure the objectives of the regulations are being met. The Compact also tracks government progress on agreed reforms, focussing initially on the seven priority areas for major reform agreed at the first Business Advisory Forum in April 2012 as well as the Seamless National Economy Reforms. This provides transparency of agreed purpose and ensures that governments are held accountable for progress on reforms. The Forum agreed that the existing reform agenda has primacy and that this should be reflected in the Compact. However, as this agenda is completed, the priorities of the Forum are expected to evolve and so too may the focus of the Compact. Regular review of the Compact every three years will ensure that it remains relevant and reflects the priorities of governments, business and other stakeholders. The first review will commence in 201516. The Compact is available at www.dpmc.gov.au/publications. Next Meeting of the Forum Participants agreed that the Forum is providing a valuable input from business on key regulatory and competition issues being considered by COAG and that it should continue to do so. To this end, the next Forum will immediately precede the next COAG meeting in the first half of 2013. Participants agreed it was important that the next Forum maintain the focus on the current priority reforms by reviewing progress on these but also consider other options for competition and regulation reform. Further information from the is available at www.dpmc.gov.au/publications.
BAF%20Communique%206%20December.docx