Summary Table
| Proposal for change | Maintain the Status Quo | Package One: "Legislate but keep the cost low" | Package Two: "Legislate and reinforce with other changes" | Package Three: "Legislate and lift attention to existing leg" |
|---|---|---|---|---|
| Disclose nature of QA products & processes used to test legislation | Basic | Extended | Extended | |
| Disclose significant powers and unusual features of legislation | Basic | Extended | Extended | |
| Independent review of measures | 1-Off within 5 yrs | 1-Off within 5 yrs | Every 5 yrs | |
| Provision of guidance and admin support by PCO and Treasury | Yes | Yes | Yes | |
| Stronger mandate for Select Cttees to report on leg quality issues, with support from Office of the Clerk | Yes | Yes | Yes | |
| Tighter RIA requirements in weak areas to complement disclosures | Yes | Yes | ||
| Revive the Legislation Design Cttee with a more proactive role | Yes | Yes | ||
| Revamp the Cabinet LEG committee, with a stronger mandate to test leg quality and implementation plans | Yes | Yes | ||
| Clear Govt expectations for agencies on their stewardship responsibilities for existing legislation | Yes | |||
| Reporting requirements for regulatory agencies better tailored to their legal and stewardship responsibilities | Yes | |||
| Investigate new Office of Parliament (OoP) role to review performance of existing regulatory regimes | Yes | |||
| Estimated Additional Annual Compliance Cost (excl 5 Yr Review) | 0 |
~4 FTE per year (or ~$0.85m pa) |
~9 FTE per year (or ~$2m pa) |
~$5m pa for OoP >$10m pa for rest |
