The Queensland Government developed a regulatory impact analysis system for agencies to follow to assist them in improving the quality of regulation being considered.
Regulatory impact analysis (RIA) is a systematic method widely used by governments to provide a more informed, objective and transparent basis for regulatory decision making.
The 'Regulatory Impact Statement (RIS) system' is Queensland’s RIA process that sets the standard for the development and review of state regulation.
Regulation can impose costs that are excessive or unnecessary, and have unintended or undesirable effects.
It is therefore important for regulation to be subjected to a systematic process that ensures, in the first instance, that the regulation is necessary, and that if it is, that it is efficient and effective in achieving policy objectives without imposing unnecessary burdens on Queensland business, community and government.