Regulatory Impact Analysis section in papers
Cabinet and committee papers that contain policy proposals that will result in government bills or statutory regulations, or Member's bills that the government is planning to support or adopt are required to contain a section entitled Regulatory Impact Analysis (replacing the previous section on Regulatory Impact and Business Compliance Costs). The requirement for a section in the Cabinet paper is additional to the regulatory impact statement (RIS) itself. The Regulatory Impact Analysis section should indicate:
- whether the department confirms that the principles of the Code of Good Regulatory Practice and the regulatory impact analysis requirements, including the consultation RIS requirements, have been complied with;
- whether a RIS has been prepared and whether the Ministry of Economic Development (MED) Regulatory Impact Analysis Unit (RIAU) considers the RIS is adequate (or, if the RIS is not reviewed by the RIAU, whether the department considers it is adequate) or, if a RIS has not been prepared, why not;
- whether the final RIS was circulated with the Cabinet paper for departmental consultation.
For proposals that are likely to have a significant impact on economic growth, the RIAU will provide a comment on whether the analysis and the RIS are adequate. Consultation with the RIAU should be noted on the CAB 100 consultation form, in addition to any other consultation that has taken place with MED on the paper.
The timeframe for the Regulatory Impact Analysis Unit to review regulatory impact analysis
