From 1 July 2015, AFSA will be 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.
The first annual reporting period for the Framework concluded on 30 June 2016. Please see the Regulator Performance Framework Self Assessment Report 2015-16, which has been externally validated by our stakeholders.