What is a Regulatory Impact Statement?

Posted May 26th, 2007 by Dr James Pratt

A Regulatory Impact Statement (RIS) lists the potential impacts from proposed regulation. The requirement for a RIS was introduced in the late 1990s to improve the quality of regulation making by ensuring that regulatory proposals are cost-effective and justified.

All policy proposals submitted to Cabinet which result in government bills or statutory regulations must be accompanied by a RIS, unless an exemption applies.

‹ Who makes the regulations? What are Business Compliance Cost Statements? ›
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