Last updated:
Tuesday, 30 June 2020
The current Regulatory Impact Analysis regime requires impact analysis (IA) to be undertaken for regulatory proposals and a regulatory impact statement (RIS) attached to the Cabinet paper asking for policy decisions.
Government agencies are required to self-certify whether or not the RIS meets Cabinet's quality assurance criteria. Where proposals are likely to have a significant impact or risk the Regulatory Quality Team (RQT) or a joint panel with representatives from RQT and the agency’s IA Team certifies the adequacy of the IA and RIS.
Treasury has commissioned a number of independent reviews of RIS and their quality assurance assessments. The reviews can be found below.