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OECD Regulatory Policy Outlook 2015

image of OECD Regulatory Policy Outlook 2015

Regulations are the rules that govern the everyday life of businesses and citizens. They are an essential instrument in the hands of government to promote economic growth, social welfare and environmental protection. However, regulations can also be costly and ineffective in achieving their objectives. The Regulatory Policy Outlook is the first evidence-based analysis of the progress made by countries to improve the way they regulate. Based on a unique survey filled by all OECD countries and the European Commission, the Outlook assesses progress in establishing the conditions for good regulation. It provides unique insights into the organisation and institutional settings in countries to design, enforce and revise regulations. It uncovers the areas of the regulatory cycle that receive too limited attention from policy makers, and identifies actors who have an important part to play to improve the way regulations are developed, implemented and evaluated. It reviews the use of three critical tools of regulatory policy (Regulatory Impact Assessment, stakeholder engagement and ex post evaluation) and proposes options to use them in a more strategic manner to inform the development and delivery of regulations.

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Australia

In September 2013 the Australian government launched an extensive regulatory reform agenda to reduce regulatory burdens and boost productivity. The government has made commitments to reduce the regulatory burden for individuals, community organisations and business by a net minimum of AUD 1 billion each year. In line with this agenda, Australia has changed its RIA process to place a greater focus on regulatory costings, including the regulatory impact on individuals, and introduced a net benefit test for regulation. The Australian Government Guide to Regulation places significant emphasis on consultation in RIA.

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