The Australian Government released the Regulator Performance Framework (RPF) in October 2014 as part of its commitment to reduce client costs associated with unnecessary or inefficient regulation. From mid 2021, the RPF was replaced by the
Regulator Performance Guide (RPG).
The objective of the RPF was to improve the way regulators operate, reduce the costs incurred by business, individuals and the community from the administration of regulation, and increase the public accountability and transparency of regulators.
The RPF comprised six outcomes-based key performance indicators (KPIs) to express the Government’s overarching expectations of regulator performance:
- Regulators do not unnecessarily impede the efficient operation of regulated entities.
- Communication with regulated entities is clear, targeted and effective.
- Actions undertaken by regulators are proportionate to the regulatory risk being managed.
- Compliance and monitoring approaches are streamlined and coordinated.
- Regulators are open and transparent in their dealings with regulated entities.
- Regulators actively contribute to the continuous improvement of regulatory frameworks.
These KPIs were supported by measures of good regulatory performance to assist regulators in self-assessing their achievement of the KPIs. Clean Energy Regulator’s RPF self-assessment reports:
The RPF self-assessment report transitioned from a stand-alone publication to being published as part of the agency’s Annual Report commencing 2019–20.