Page updated 18 Apr 2013
Regulation can be used to pursue economic, social and environmental goals from which the community derives benefit. High quality regulation is important for productivity and economic growth. The challenge is to ensure that regulations deliver their objectives at least economic cost, thereby contributing the maximum net benefit to society.
The Treasury's Role
The Treasury has been assigned responsibility for New Zealand’s regulatory management system, expanding its role into three areas. These are:
- Independent assessment of the adequacy of economically significant regulatory proposals against the government expected standards for regulatory impact analysis and statements. This work sits with the Treasury’s Regulatory Impact Analysis Team (RIAT).
- Responsibility for setting a prioritised regulatory review work programme and co-ordinating across government agencies to deliver on this programme.
- Strategic co-ordination of the regulatory quality system. This includes redesigning and strengthening the regulatory quality management system to support the government’s objective of less and better quality regulation.
These functions complement Treasury’s role as the government’s primary economic and fiscal advisor. In this role the Treasury reports to both the Minister of Finance (Hon Bill English) and the Minister for Regulatory Reform (Hon John Banks).
Information and Resources on the Treasury Website
- Best Practice Regulation - A model developed by Treasury to assess regulatory regimes against Best Practice regulation principles.
- Regulatory Review Work Programme
- Regulatory Information Releases
- Regulatory Impact Analysis - Information and guidance material on RIAT’s role, regulatory impact analysis and preparing a Regulatory Impact Statement.
- Regulatory Management - Guidance for departments.
- Regulatory Impact Statements - Disclosed by government departments and published by the Treasury.
Contact for Enquiries
Tel: +64 4 917 6958