Regulatory burden measurement framework guidance note
A key principle for Australian Government policy makers in The Australian Government Guide to Regulation is that the cost burden of new regulation must be fully offset by reductions in existing regulatory burden.
All regulatory costs, whether arising from new regulations or changes to existing regulation, must be quantified using the Regulatory Burden Measurement framework. The framework must also be used for quantifying offsetting regulatory savings, where applicable.
This guidance note provides advice on how to calculate regulatory costs using this framework.