- Government intervention is justified and regulation is the best alternative addressing defined problems with clearly established objectives;
- Stakeholders are effectively consulted and they have an opportunity to participate in the regulatory development process;
- An impact analysis is conducted to demonstrate that the benefits outweigh the costs to citizens, government and businesses; and
- Adverse impacts on the capacity of the economy to generate wealth and employment are minimized and no unnecessary regulatory burden is imposed on any party.
Seven Elements of RIA:
Last Updated 2015-05-27 11:56:13 by Administrator