Regulatory Costings/Regulatory Grid

Question

1. Markets Group indicated that there is a separate process undertaken to calculate the regulatory costings for ''CFR'' (Council of Financial Regulators) work: a. Can Markets group outline the methodology for regulatory costings under this process? b. Have you asked OIA to assess the methodology and are they satisfied that it meets a similar standard? c. When CFR regulators provide their estimates for regulatory saves, what work is undertaken to independently verify that these claims are reliable estimates of the decrease in regulatory burden? d. Has the Treasurer's office ever asked for regulatory costings to be changed? 2. In relation to the Regulatory Initiatives Grid why has the amount of information provided under the regulatory initiatives grid decreased in each release?

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000301 Regulatory Costings-Regulatory Grid.pdf (opens in a new tab)