Victorian Consolidated Legislation

Subordinate Legislation Act 1994 - SECT 10

Regulatory impact statements

10. Regulatory impact statements



(1) A regulatory impact statement must include-

   (a)  a statement of the objectives of the proposed statutory rule;

   (b)  a statement explaining the effect of the proposed statutory rule,
        including in the case of a proposed statutory rule which is to amend
        an existing statutory rule the effect on the operation of the existing
        statutory rule;

   (c)  a statement of other practicable means of achieving those objectives,
        including other regulatory as well as non-regulatory options;

   (d)  an assessment of the costs and benefits of the proposed statutory rule
        and of any other practicable means of achieving the same objectives;

   (e)  the reasons why the other means are not appropriate;

   (f)  any other matters specified by the guidelines;

   (g)  a draft copy of the proposed statutory rule.

(2) The assessment of the costs and benefits must include an assessment of the
economic, environmental and social impact and the likely administration and
compliance costs including resource allocation costs.

(3) The responsible Minister must ensure that independent advice as to the
adequacy of the regulatory impact statement and of the assessment included in
the regulatory impact statement is obtained and considered in accordance with
the guidelines.

(4) The responsible Minister must before a statutory rule in respect of which
a regulatory impact statement is required is made, give a certificate in
writing specifying-

   (a)  that the requirements relating to regulatory impact statements in this
        Act and the guidelines have been complied with; and

   (b)  that in his or her opinion the regulatory impact statement adequately
        assesses the likely impact of the proposed statutory rule.





(5) The responsible Minister must ensure that a copy of the regulatory impact
statement and the compliance certificate is given to the Scrutiny Committee as
soon as practicable after the statutory rule is made.