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• Regulatory Policy

• Compliance Costs

• Standard Cost Model

• Measuring Compliance Costs
• Request for Proposals

The standard cost model is a methodology developed in the Netherlands to identify and measure the administrative burdens imposed on business by regulation. To date, it has been used by a number of European countries. The Ministry is now in the process of evaluating this model, or a variation of it, for potential use in the New Zealand context.

This work is intended to assist in identifying areas of regulation and features of design and implementation that may be having an unnecessarily adverse impact on innovation and economic growth. To effectively assess and act on business concerns in these areas, it is important to have robust mechanisms for identifying the aspects of regulations that lead to adverse impacts.

Following the request for proposals the Ministry commissioned PricewaterhouseCoopers (PwC) to undertake an evaluation of the Standard Cost Model and the Australian Costing Tool (now termed the "Business Cost Calculator") in December 2005. A key component of the evaluation was to undertake a trial measurement using both models against the Schedules to the Securities Regulations 1983. PwC's final report on the evaluation was completed in May 2006. Based on the findings of the Ministry's feasibility study, the government has agreed as part of the Quality Regulation Review to implement the Business Cost Calculator on a two year pilot programme within government agencies. See Quality Regulation Review - First Milestone Report for further information.

• Measuring Compliance Costs: Evaluation of the Dutch Standard Cost Model and the Australian Cost Model (Incorporating a Trial Measurement of the Costs Arising from the Schedules to the Securities Regulations 1983)  [ Published 31 May 2006 ]
  PricewaterhouseCoopers was engaged by the Ministry in December 2005 to undertake a trial measurement of the compliance costs arising from the Schedules to the Securities Regulations 1983.
• Standard Cost Model: Trial Measurement of the Schedules to the Securities Regulations 1983 - Request for Proposals  [ Published 19 September 2005 ]
  The Ministry of Economic Development (MED) sought proposals to undertake a trial measurement of the Schedules to the Securities Regulations 1983, using the SCM. The closing date was 12 October 2005.