Regulator Performance Framework
The Australian Government released the Regulator Performance Framework as part of the government's commitment to reducing the cost of unnecessary or inefficient regulation imposed on individuals, business and community organisations by at least $1 billion a year. It applied to regulators from 1 July 2015.
The Framework encourages regulators to undertake functions and achieve objectives with the minimum impact on the regulated community by measuring and publicly reporting performance. Details of the Framework are available on the Government's Cutting Red Tape website .
Regulator Performance Framework Key Performance Indicators
All Commonwealth regulators that administer, monitor or enforce regulation are required to implement the Framework from 1 July 2015. In accordance with the requirements within the Framework, we have developed the Regulator Performance Framework Key Performance Indicators that will be used to assess our performance and they have been agreed to by the Minister for Employment.
As a regulator, we support the Framework. We have conducted our first assessment against the Framework for the 2015 - 2016 financial year, assessing ourselves against the 6 key performance indicators:
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