Regulator Performance Framework
Since 1 July 2015, we have been subject to the Government’s new Regulator Performance Framework.
The Framework is an important part of the Government’s commitment to cutting red tape and lifting productivity and growth across our economy.
The Framework sets out six outcomes-based key performance indicators covering reducing regulatory burden, communications, risk-based and proportionate approaches, efficient and coordinated monitoring, transparency, and continuous improvement. Specific performance metrics for the Framework applying to the regulation of personal insolvency practitioners have been developed in consultation with stakeholders.
Our self-assessment of performance under the framework for a financial year reports on both quantitative and qualitative outcomes, and includes an appropriate narrative, where relevant, for each of the six KPIs.