This regulatory impact statement provides more information on the draft regulations and assesses their costs and benefits against a number of alternatives. The draft Regulations are appended at the end of the document.
The Environment Protection (Scheduled Premises) Regulations 2007 were developed and released over the course of 2007. By reforming the previous framework, the new regulations have achieved greater benefits for business, society and environment at a lesser cost.
In line with the requirements of the Subordinate Legislation Act 1994 a Regulatory Impact Statement (RIS) has been published for public comment and assessed as adequate by the Victorian Competition and Efficiency Commission (VCEC).
In the course of preparing the RIS a Standard Cost Model (SCM) was developed in accordance with the Victorian Guide to Regulation. The purpose of the SCM is to assess the administrative burden (being the costs associated with demonstrating compliance with the Regulation) placed on business by the Scheduled Premises regulations.
An internal review of EPA's regulatory requirements has discovered errors in the initial SCM calculation of the Scheduled Premises Regulations. The reduction in administrative burden achieved by the new regulations, initially miscalculated as $1.5 milllion per annum, is in reality $2.9 million per annum.
A corrected calculation has been completed by KPMG and assessed by the VCEC as adequate.
Licences and approvals, Regulatory Impact Statement
Number of pages:
19 Apr 2007
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