NSW Treasury has engaged the CIE to undertake three Regulatory Impact Statements (RIS) and one evaluation covering a range of regulatory reforms.

In response to COVID-19, the NSW Government introduced a range of regulatory changes to enhance flexibility and remove restrictions for businesses and consumers.

Because of the pandemic, these changes were not subject to normal regulatory impact assessment processes and are time limited in nature. However, since their implementation, some changes have been advocated for by stakeholders and may have enduring benefits.

The CIE has been engaged by NSW Treasury to undertake a robust economic analysis covering 10 regulatory changes and prepare three Regulatory Impact Statements (RIS) and one evaluation. These evaluations will determine the benefits, costs, and impact of different regulatory options, including those in place pre-COVID-19, those put in place because of COVID-19 and other options that could be available to meet the objectives of the regulation.

Due to the similarities of the 10 reforms considered, four groups of similar changes have been created:

  1. Employment flexibility (RIS)

  2. Digital processes (RIS)

  3. Digital Justice measured (Evaluation)

  4. Business flexibility (RIS)

Stakeholder input is essential to these evaluations to understand and measure the benefits and costs of each regulatory change. Our analysis will use stakeholder consultation carefully to:

  • provide evidence to the assessment of regulatory options, particularly through data that can be brought to bear on the issues, and

  • provide coverage of different stakeholders likely to be impacted.

This webpage will provide information and updates on this project, including the release of issues papers and draft RISs over the coming months.

If you would like to contact our team, please email us here.  If you would like to speak to a CIE team member directly, please call Phil Manners or Nigel Rajaratnam on 02 9250 0800.