On 26 September 2014 the QCA released the discussion paper Incentive Regulation: theory and practice along with a research paper prepared in conjunction with the QCA staff by Professor Flavio Menezes of the University of Queensland.
The discussion paper explains the conceptual framework of incentive regulation, its motivation and how it has been implemented by regulators in Australia and the United Kingdom. In particular, the paper investigates a form of incentive regulation known as ‘menu regulation’ that has been implemented in the United Kingdom.
Stakeholders were invited to comment on the discussion paper. We received two submissions.
The project is now closed. The QCA may rely on aspects of this analysis from time to time to inform its views on certain matters.