Regulation Impact Statement – The Treasury
On 3 June 2015, the Minister for Small Business introduced a Bill in the House of Representatives establishing the position of the Australian Small Business and Family Enterprise Ombudsman to advocate for and assist small business. A Regulation Impact Statement (RIS) was prepared and certified by the Treasury and was assessed as compliant and consistent with best practice by the Office of Best Practice Regulation (OBPR). The RIS examined ways to implement the Government’s election commitment to create a Small Business Ombudsman, including a dispute resolution role. The RIS estimates the Australian Small Business and Family Enterprise Ombudsman’s dispute resolution role will reduce regulatory burden by $7,000 per annum. The regulatory saving was agreed with the OBPR.
