While regulation is an important tool in achieving the Government's policy objectives, ensuring that no unnecessary burden is imposed on businesses and not-for-profit organisations is a key priority for the Victorian Government.
The Government is committed to ongoing Victorian leadership in regulatory reform and red tape reduction to enhance the productivity and competitiveness of the Victorian economy.
Methodology to measure cost savings
The Victorian Regulatory Change Measurement (RCM) manual, which took effect on 1 January 2010, is used to measure changes to regulatory burden in Victoria.
Introductory guidance on this methodology is provided in the slides below.
RCM methodology (1,289 kb PPS)
RCM - Calculating delay costs (784 kb PPS)
Publications
Resources on reducing red tape on business.