As part of its Deregulation Agenda, in mid-2021 the Australian Government replaced the
Regulator Performance Framework (RPF) with three principles of regulator best practice contained in the Regulator Performance Guide (RPG).
The RPG is part of the Government’s commitment to reduce unnecessary or inefficient regulation imposed on individuals, business and community organisations.
Regulator best practice principles
Under the RPG, we will report against three principles of regulator best practice through our corporate plans and annual reports.
The three principles we will work to meet are:
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Continuous improvement and building trust: adopt a whole-of-system perspective, continuously improving our performance, capability and culture to build trust and confidence in Australia’s regulatory settings.
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Risk based and data driven: manage risks proportionately and maintain essential safeguards while minimising regulatory burden, and leveraging data and digital technology to support those we regulate to comply and grow.
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Collaboration and engagement: a transparent and responsive communicator, implementing regulations in a modern and collaborative way.