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Design Practitioners Handbook July 2023 Edition Published by Better Regulation Division Department of Customer Service www.customerservice.nsw.gov.au Disclaimer This publication avoids the use of
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How to fill out regulatory impact statement
How to fill out regulatory impact statement
01
Identify the need for the regulatory impact statement based on the proposed regulation.
02
Conduct a thorough analysis of the potential impacts of the regulation on various stakeholders.
03
Assess the costs and benefits of implementing the regulation.
04
Consider alternative options and compare their potential impacts.
05
Draft a comprehensive regulatory impact statement that includes all relevant information and analysis.
Who needs regulatory impact statement?
01
Government agencies that are proposing new regulations.
02
Policy makers who are evaluating the potential impacts of regulatory changes.
03
Stakeholders who will be affected by the proposed regulations.
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What is regulatory impact statement?
A regulatory impact statement is a document that assesses the potential effects of proposed regulations on various stakeholders.
Who is required to file regulatory impact statement?
Government agencies or departments responsible for proposing new regulations are required to file a regulatory impact statement.
How to fill out regulatory impact statement?
To fill out a regulatory impact statement, the agency must provide information on the potential costs and benefits of the proposed regulation, as well as its potential impact on affected parties.
What is the purpose of regulatory impact statement?
The purpose of a regulatory impact statement is to inform decision-makers about the potential effects of proposed regulations, helping them make informed choices.
What information must be reported on regulatory impact statement?
A regulatory impact statement must include information on the economic, social, and environmental impacts of the proposed regulation, as well as potential alternatives.
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