Part 2Principles of responsible regulation and regulatory stewardship
Regulatory Standards Board: Inquiries
34How good law-making principles apply when board is carrying out inquiry
When the board is carrying out an inquiry into whether legislation is inconsistent with the principles of responsible regulation,—
- the principle in section 8(i) (consultation) does not apply; and
- the principles in section 8(j) to (l) apply with any necessary modifications to allow the board to consider matters based on the events that have occurred after the legislation came into force, including—
- to evaluate who is likely to have benefited, and who is likely to have suffered a detriment, from the legislation (see section 8(j)(v)); and
- to consider whether the legislation has produced benefits that exceed the costs of the legislation to the public or persons (see section 8(k)); and
- to consider whether legislation is still the most effective, efficient, and proportionate response to the issue concerned that is available (see section 8(l)).
- to evaluate who is likely to have benefited, and who is likely to have suffered a detriment, from the legislation (see section 8(j)(v)); and