The reform of occupational regulation in Australia
This paper considers the role and design of occupational regulation based upon a set of 'best practice' principles. Regulation is an important part of the legal and institutional fabric of a country. However, governments have become increasingly concerned that inappropriate regulation may lead to adverse growth, efficiency and distributional outcomes. This paper considers possible rationales for occupational regulation and addresses the general question: 'what are the precise objectives of regulation, and how can we design regulations to best achieve these objectives, without producing unintended consequences?'. The paper considers some Australian initiatives in regulatory reform being progressed as part of the National Competition Policy reforms. Finally, the paper concludes with a set of principles to guide the design of quality regulations.
Volume (Year): (1997)
Issue (Month): 4 (November)
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