The Victorian Government recognises that regulation is an important tool for achieving policy objectives. Regulatory activities must be appropriate, targeted and consistent with best practice to deliver the maximum net benefits to the industries and the State.
Regulatory impact statements
We routinely engage in the preparation of Regulatory Impact Statements which the Government must prepare for any new or amended regulation under the Subordinate Legislation Act 1994. Regulatory Impact Statements provide an important mechanism for the community to contribute to the discussion on changes to regulation, and require thorough consideration of the costs and benefits of proposals.