Towards best practice guide for regulators

In collaboration with Victorian regulators, Better Regulation Victoria has developed a guide with 10 principles to support regulators in their journey towards best practice.

Ten principles for good regulatory practice

The guide sets out 10 regulatory practice principles under 3 themes, with sub-elements that detail how these principles may be put into effect.

Strategy

Be clear on your regulatory outcome and the harms you are trying to minimise
Establish and refine your approach to minimising harms
Ensure your regulatory regime is fit for purpose

Operations

Support duty holders to understand the value of compliance and harm reduction
Support duty holders to comply
Target regulatory effort based on risk of harm
Evaluate and communicate your efforts and their impact on your regulatory outcomes

Enabling practices

Work with regulatory peers and partners on shared harms and risks
Be transparent and accountable for how you perform your activities
Continuously improve your regulatory operations

View or download a full copy of the Towards Best Practice guide below:

Towards Best Practice - A guide for regulators PDF 2.43 MB (opens in a new window)

Towards Best Practice - A guide for regulators Word 206.92 KB (opens in a new window)

Towards Best Practice is supported by a package of resources:

Companion paper for regulator chairs and boards

Through consultation with regulator chairs, BRV has produced a short paper for regulator chairs and boards. This companion paper supports implementation of the Towards Best Practice guide. It sets out guidance for chairs and boards including questions they can pose, measures to expect, and relevant board actions to support regulator performance.

This paper should be read in conjunction with the Towards Best Practice guide for regulators.

Supporting Best Practice - a companion paper for regulator boards and chairs PDF 2.44 MB (opens in a new window)

Supporting Best Practice - a companion paper for regulator boards and chairs Word 225.53 KB (opens in a new window)

Companion paper for departments

Departments play a critical role in supporting regulator performance. This role relates to how departments develop relevant policy and legislation, and other matters.

In consultation with departments, BRV has produced a companion paper for departments. This should be read in conjunction with the Towards Best Practice guide for regulators.

Equipping Best Practice - a companion paper for Departments PDF 1.34 MB (opens in a new window)

Equipping Best Practice - a companion paper for Departments Word 202.67 KB (opens in a new window)