Regulator Performance Framework

The Australian Government’s Regulator Performance Framework was released in October 2014 by the Department of the Prime Minister and Cabinet. The framework aims to improve the performance of regulators by establishing a means for Commonwealth regulators to evaluate, in partnership with key stakeholder groups, overall regulatory performance.

The performance framework key performance measures in place are:

unnecessary impediments to the efficient operation of regulated entities are removed
communication with regulated entities is clear, targeted and effective
actions undertaken by regulators are proportionate to the regulatory risk being managed
compliance and monitoring approaches are streamlined and coordinated
regulators are open and transparent in their dealings with regulated entities
regulators actively contribute to the continuous improvement of regulatory frameworks.

To support our assessment against the mandatory key performance metrics, evidence metrics have been developed in consultation with our stakeholders. Key indicators and performance measures reflect areas of importance to the agency and our stakeholders.

As part of the framework, regulators are also required to assess their performance against 6 outcomes-based key performance indicators annually. These Self-Assessments are validated by the Ministers Advisory Council.