Posted on September 13, 2011
The Australian Financial Review (AFR) on 13 September 2011 is muddying the waters on objections to Australian harmonised OHS laws. The Victorian Government would support a delay to the introduction of the laws until, according to previous media reports, the release of the Regulatory Impact Statement (RIS) on the new laws. The AFR is reporting (not available online without a subscription) that the government
“…will not endorse the regulations until the federal government releases a cost-benefit analysis.”
It is understood that an RIS is not the same as a cost-benefit analysis even though costs and benefits are part of an RIS.
Australia’s Office of Best Practice Regulation (OPBR) states that an RIS has seven (7) key elements:
- “the problem or issues which give rise to the need for action;