Regulator performance

The accountable authority of an entity that is a regulator or has regulatory functions determines how the principles and Statements are integrated into the corporate plan. They would take into account factors such as the nature and scale of regulatory activity, particularly where regulation is not the entity’s primary function. This can be done in a number of ways, including:

• providing discussion of the application of the principles and the Statements in the body of the corporate plan as a standalone regulatory function section
• provided in the discussion of the entity’s operating context
• provided as hyperlinks, attachments or appendices to the corporate plan and referenced in discussion in the body of the plan
• integrated or weaved into discussion of specific requirements of the corporate plan, for example:
  • discussion of the regulatory environment in which the entity operates
  • discussion of the capability the entity needs to undertake and improve regulatory activity, and what the entity does to attract, build and retain this capability
  • discussion of risks specific to the regulatory functions and how these are managed
  • discussion of how the entity cooperates with other organisations or bodies to achieve its regulatory expectations.

Consideration could also be given to developing performance measures related to regulatory activities and issues set out in the Statement of Expectations. Refer to RMG-131 Developing performance measures for information on the concepts for developing performance measures and the specific requirements.

Examples of different approaches to integrating regulatory performance, regulatory principles and Statements of Expectations and Statements of Intent into corporate plans are provided under the better practice examples tile in RMG-132 Corporate plans for Commonwealth entities.