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Regulatory Standards Bill - Parliamentary process

23. The Confidence and Supply Agreement provides that the current Regulatory Standards Bill will be reinstated. The implication is that the current draft will be replaced by a revised draft based on Option 5. The 12 month timeframe is ambitious but achievable. An indicative timetable is:

Action Timeframe
Continuance motion at the first sitting of the new Parliament (will revert to Commerce Committee) December 2011
Treasury carries out policy work and Ministers determine preferred policy options; January 2012 - April 2012
Ministers make policy decisions on final form of RSB, Cabinet paper agreed by Cabinet Early May 2012
Revised RSB drafted by PCO, signed off by LEG Committee May 2012
Either submit SOP to Commerce Committee or get a member of the Committee to move an amendment June 2012
Commerce Committee invites comments on the amended RSB (we assume the Committee will invite submissions on the Bill as it will be significantly different) June 2012
Treasury supports the Commerce Committee in addressing submissions August - September 2012
Commerce Committee reports back to the House with an amended RSB October 2012
RSB enacted December 2012

24. There are some other regulation-related Bills currently in the House that you are likely to want to progress. The Regulation Reform Bill is intended to provide relatively minor tidy-ups to legislation. And the Regulation Reform (Repeals) Bill revokes old or spent legislation. These Bills are currently awaiting their second reading. The Ministry of Economic Development has led the work on these Bills to date and will be providing administrative support for their final stages.

25. While they are aimed at reducing compliance costs on firms, these Bills have taken up a high level of resource (both official and Parliamentary) for what we consider to be relatively low benefits i.e. the actual compliance burden reduction from them is quite low. We would like to discuss with you the best ways to progress further legislative changes aimed at compliance-cost reductions.

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