Arthur Sinodinos (NSW, Liberal Party, Shadow Parliamentary Secretary Assisting the Leader of the Opposition) Share this | Link to this | Hansard source

asked the Minister for Finance and Deregulation, upon notice, on 4 October 2012:

In regard to each department and agency under the Financial Management and Accountability Act 1997 and each Commonwealth authority under the Commonwealth Authorities and Companies Act 1997 within the Minister's portfolio:

(1) What are the significant regulatory policy objectives each department, agency and authority is seeking to achieve through its regulatory agenda.

(2) What regulatory processes and systems are in place to meet these objectives.

(3) Is data available that demonstrates how regulations enacted by the Government since August 2010 have achieved these objectives; if so, can this data be provided.

(4) What are the specific risks the current regulatory setting seeks to mitigate, and what methodology is used to assess these risks.

(5) Is data available that demonstrates how these risks have been mitigated by recent regulations; if so, can this data be provided.

(6) For each significant regulatory objective, is the relevant department, agency or authority aware of any information regarding how other countries pursue regulatory policies in meeting similar significant regulatory objectives; if so: (a) which country is best practice in terms of effectiveness and efficiency; and (b) how does Australia compare to this international best practice.

(7) For each significant regulatory objective, how much additional regulatory cost does the current Commonwealth regulatory policy impose on the non-government sector relative to international best practice.

Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Link to this | Hansard source

The answer to the honourable Senator's question of all Ministers is as follows:

(1) to (7) All agencies responsible for regulation which may have a significant impact on business are required to prepare an Annual Regulatory Plan (ARP) which provides information about recent and expected changes to Australian Government regulation. ARPs can be accessed via http://ris.finance.gov.au/2012/10/02/annual-regulatory-plans/.

* This response covers questions 2280-2327