The Better Regulation Program generally proceeds as follows:
- Agency conducts a self-assessment of their proposal
- Assess whether it is likely to create significant adverse economic impact by using the Agency Self-assessment Template as a guide.
- This assessment should be signed off at the Executive Director level.
- Consider whether an exclusion applies by checking the list in the Agency Information Paper.
- If the agency self-assessment indicates that the proposal is likely to have a significant adverse economic impact on stakeholders, then it is good practice to meet with the Better Regulation Unit to discuss undertaking a full regulatory impact assessment and the development of a Consultation Regulatory Impact Statement and Decision Regulatory Impact Statement.
- Consultation Regulatory Impact Statement (CRIS)
- Define the problem.
- Discuss non-regulatory and regulatory options.
- Include analysis of options.
- Provide to BRU for assessment and BRU will provide a Letter of Advice before the CRIS is published for stakeholder comment.
- Decision Regulatory Impact Statement (DRIS)
- Finalisation of the DRIS, which must recommend a preferred option and the supporting reasons.
- Discussion of implementation and evaluation plans
- Outline of review plans.
- Provide the DRIS to BRU for assessment and BRU will provide a Letter of Advice.
