In November 2016 public consultation started for the Independent Review of the NSW Regulatory Policy Framework. The Panel in charge of this review delivered a draft report, consultation for which closed in June 2017.
Earlier today the final report was publicly released. The NSW Government has welcomed this release, as well as thanking the independent panel, chaired by the Hon. Nick Greiner AC.
Recognising the crucial role regulation plays in protecting the rights of individuals and businesses, and addressing market failures, the Government supports the intent of the recommendations in the Final Report.
As part of the Government’s response to the final report two immediate decisions have been taken:
- assign responsibility for regulatory policy to the Treasurer, and
- appoint a NSW Commissioner for Productivity.
These steps will align regulatory policy with the Treasurer’s broader economic responsibilities. For more information on the Commissioner, see the NSW Government's response to the final report and the media release announcing the establishment of the NSW Productivity Commission.
The Commissioner for Productivity will consider the recommendations in the Final Report and advise on the best way of implementing a new regulatory policy framework for NSW.