What are the types of regulation?

Posted May 26th, 2007 by Dr James Pratt

Business is subject to three main types of regulations:

1. Regulations imposing obligations for the benefit of other parties (e.g. consumer rights, health and safety, border control regulations).

2. Regulations requiring financial payments – taxes, rates, levies, loan repayments etc.

3. Regulations for information – requiring businesses to record or disclose information to the government (e.g. Statistics NZ surveys) or to third parties (e.g. company financial reporting requirements).

‹ What is market failure? Who makes the regulations? ›
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