Consultation is crucial to the analysis of regulatory proposals, and hearing your views enhances our understanding of the problem. Suggestions of alternative options to address the problem, feedback on how the regulatory proposal will work in practice, and comments on the costs and benefits of the various options improves consistency and depth of the regulation impacting analysis.
What is it?
Regulation impact analysis is the methodical assessment of regulatory proposals. We use an internationally recognised framework to assess regulatory proposals, including proposals to amend the National Construction Code (NCC). The ABCB has also published a Regulation Impact Analysis Protocol that describes how we undertake regulation impact analysis.
The key steps in regulation impact analysis involve:
- describing the nature and extent of the problem;
- stating the intended outcomes of proposed action;
- identifying a range of feasible policy options that are capable of addressing the problem;
- undertaking a cost benefit analysis of these options to identify the greatest net benefits to society; and
- consultation to incorporate the views of parties affected by the proposal.
Why it is done?
The ABCB conducts regulation impact analysis to determine whether government intervention is necessary or desirable, prepare a Regulation Impact Statements (RIS) where required and consult with the Office of Best Practice Regulation.