Regulation-making in Australia: Is it broke? How do we fix it?

Chairman's speech

Gary Banks presented a public lecture at the ANU on the topic Regulation-making in Australia: Is it broke? How do we fix it?. It was given as part of the Public Lecture Series of the Australian Centre of Regulatory Economics (ACORE) and the Faculty of Economics and Commerce, ANU, Canberra, 7 July 2005.

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Contents

Introduction

A paradox?

The forces behind the backlash
Regulatory reform has exposed other regulatory costs
Re-regulation, not de-regulation
Rising prosperity, new knowledge and risk
An off-budget solution?
Regulation builds on itself

Rapid growth in regulation is the result

The costs of regulation loom large

There have been reforms to regulation-making

How is this system performing?

So is the system ‘broke’?

Stronger Ministerial oversight?

Strengthening ‘best practice’

A Business Regulation Advisory Council?

Rationalising the ‘stock’

In conclusion

References