Published on 01 May 12
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Governments are carrying a greatly increased load to develop more complex regulation, combined with greater pressure for improved productivity. Organisations are likewise facing a very significant challenge in an increasingly regulated and cost-conscious world: how to achieve a quality business and regulatory outcome more efficiently without diverting focus away from the business. A groundswell for substantive regulatory change has developed.
The establishment in December 2011 of the Strategic Review of Treasury is a significant initiative, and has the potential to be a crucial building block for improvements in productivity and innovation in regulatory reform. This article makes some suggestions as to what needs to change and how this can be achieved.
The article discusses the benefits of change, the drivers for change, the problems generated by regulatory projects, how to create ownership of regulatory change, and the proper approach to achieving change.
Sue is Principal, Lex Regulate Pty Ltd.
Current at 1 May 2012