Best Practice Regulation
Page updated 11 Mar 2014
The Best Practice Regulation model has been developed by the Treasury to provide a "common language" across regulatory regimes. This model enables better debate about our regulatory systems, helping Government and industry to work together in assessing the performance of New Zealand's regulation.
The principles in the model are a distillation of international and New Zealand experience to help assess the regulatory state of play, and to inform targeted reviews. Using these principles to undertake assessments of regulatory regimes allows us to develop a shared understanding of the attributes of good quality regulation.
An assessment of regulatory regimes against the principles was conducted in 2011 and updated with further information in 2012 - see the material below. This assessment is preliminary, identifying areas where further analysis may be warranted, and highlighting work that is underway. We will continue to grow our understanding of regulatory best practice through the evolution of the principles, the cycle of assessments, and resulting cross-agency and public discussion.
The Treasury will conduct another assessment in 2013, including engagement beyond agencies into the private sector, academia, and other stakeholders.
Read the related media statement by Hon Bill English, Minister of Finance and Hon John Banks, Minister for Regulatory Reform on the Beehive website: Better economic performance through better regulation (1 Aug 2012).
|Doc. Date||Created by||Title||Download|
|Jul 2012||The Treasury||The Best Practice Regulation Model: Principles and Assessments
Released 1 Aug 2012
|bpregmodel-jul12.pdf (383 KB)|
|Aug 2011||Peter Mumford||Best Practice Regulation: Setting Targets and Detecting Vulnerabilities
Article published in Policy Quarterly - Volume 7, Issue 3 - August 2011.
|Institute for Governance and Policy Studies website|
|Jul 2011||Peter Mumford||Presentation: Best Practice Regulation: What is it and how do we know
Presentation prepared by the Treasury.
|bpregseminar-jul11.pdf (252 KB)|
Contact for Enquiries
Tel: +64 4 917 6969