Arthur Sinodinos (NSW, Liberal Party, Assistant Treasurer) Share this | Hansard source

The coalition is committed to a new approach where questions must be asked first before new regulations are passed, including: what is the purpose, what is the cost and what is the impact on productivity? Only after those questions are answered and only when it is necessary and there are no sensible alternatives available should government to proceed to regulate. The government is also seeking to improve the performance of our regulators. An important element of this is developing a framework for auditing the performance of our regulators, which we have asked the Productivity Commission to do.