II.2. REGULATORY GOVERNANCE Box 2.2. Key policy initiatives of the Federal Labour Party to improve business regulation April 2007 The federal Labour party election policy on business regulation reform included the following key initiatives: ● a commitment to working in partnership with the States and territories to harmonise regulations in key areas; ● enhancing the accountability of federal and state governments for harmonising regulation by commissioning the Productivity Commission (PC) to estimate the costs and benefits of harmonisation; ● provision of financial incentives to reward State and Territory governments that implement reforms based on the model used for National Competition Policy; ● a commitment to a rigorous Regulation Impact Statement (RIS) process to protect businesses from new, unnecessary regulation and the establishment of a small business advisory council to review and comment on regulatory impact statements; ● introduction of a “one in, one out” principle so that proposals for new
Share
