What to expect in a regulatory impact statement
A regulatory impact statement (RIS) is a government agency document that summarises an agency's best advice to its Minister and Cabinet, including:
- a definition of the problem to be addressed
- the objectives of any solution proposed
- the full range of practical options and an analysis of each one
- any consultation done
- how the solution will be implemented, monitored, and reviewed.
A RIS should be an objective, balanced presentation of the analysis of the impact a policy change is likely to have. It needs to explain and justify conclusions the agency reached. By publishing all RIS after decisions are made, Government ensures its decisions are transparent to the public.
The Treasury offers a detailed guide on regulatory impact analysis, how to prepare a RIS, and quality assurance for all proposals. Treasury also publishes all government departments' RIS.
Visit the Treasury website to view the Regulatory Impact Analysis Handbook
Accumulation of minor errors and out of date regulation reduces the effectiveness of the fisheries regulatory system. Regulatory amendments are required to maintain consistency with the purpose of the Fisheries Act 1996, under which the regulations are developed.
keywords: Appendix One; Regulatory Impact Statement; dairy; export quota;Regulatory Impact Statement: Allocation of dairy export quota;
RIS
