NZ moves to "Reducing Regulation"

(From Daniel T.) In a report published today, the New Zealand government reports on its activity since November 2008 to implement its 2009 regulatory policy entitled "Better Regulation, Less Regulation." After a brief presentation of concepts, including a list of seven updated principles, the report lists both changes already implemented as well as those approved by Cabinet and being carried out. It sets out the expected impacts of regulatory changes on businesses and citizens, although the full impacts and costs were not yet fully calculated. "Case studies" in separate boxes help understand the nature of the measures, which are listed under headings that speak volumes: removing requirements, streamlining processes, increasing flexibility, taking a risk-based approach, market expansion, closely supervising compliance costs.Some of the measures are being enacted via an (omnibus) Regulatory Reform Bill, while a "revocations" act repeals a number of obsolete regulations. All in all, efficiency and innovation from the land of the Kiwi (not only good rugby).