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'Minimum effective regulation' and the mining industry

Chairman's speech

On 3 June 2003 the Chairman Gary Banks gave a speech, ‘Minimum effective regulation’ and the mining industry, to the Minerals Council of Australia's Annual Industry Seminar.

Contents

Introduction

The Industry Commission’s 1991 inquiry

Have things changed enough?

International perspectives on Australia’s regulatory performance
Some regulatory issues remain important

A more 'positive' industry attitude

A key goal: ‘minimum effective regulation’
Some necessary attributes

Benefits from more light-handed approaches
Self-regulatory approaches
A role for quasi-regulation?

Good regulation requires good process
The role of regulation impact statements
The compliance record
The problem areas

In conclusion