LEGISLATION ACT 2001 - SECT 35 Content of regulatory impact statements

LEGISLATION ACT 2001 - SECT 35

A regulatory impact statement for a proposed subordinate law or disallowable instrument (the proposed law ) must include the following information about the proposed law in clear and precise language:

        (a)     the authorising law;

        (b)     a brief statement of the policy objectives of the proposed law and the reasons for them;

        (c)     a brief statement of the way the policy objectives will be achieved by the proposed law and why this way of achieving them is reasonable and appropriate;

        (d)     a brief explanation of how the proposed law is consistent with the policy objectives of the authorising law;

        (e)     if the proposed law is inconsistent with the policy objectives of another territory law—

              (i)     a brief explanation of the relationship with the other law; and

              (ii)     a brief explanation for the inconsistency;

        (f)     if appropriate, a brief statement of any reasonable alternative way of achieving the policy objectives (including the option of not making a subordinate law or disallowable instrument) and why the alternative was rejected;

        (g)     a brief assessment of the benefits and costs of implementing the proposed law that—

              (i)     if practicable and appropriate, quantifies the benefits and costs; and

              (ii)     includes a comparison of the benefits and costs with the benefits and costs of any reasonable alternative way of achieving the policy objectives stated under paragraph (f);

        (h)     a brief assessment of the consistency of the proposed law with the scrutiny committee principles and, if it is inconsistent with the principles, the reasons for the inconsistency.