The Regulator Performance Framework commenced on 1 July 2015 and forms an important part of the Government’s commitment to reduce unnecessary and inefficient regulation. The Framework encourages regulators to minimise the regulatory burden created through their administration of regulation.
Nine Treasury portfolio agencies developed performance metrics in consultation with key stakeholders. The metrics were approved by Ministers in June 2015 and will be used by regulators in annual self assessments of their performance against the Framework.
Further information on the Framework is available on the Cutting Red Tape website.