COAG agreed on 16 August 2010 to publish COAG Regulation Impact Statements (RISs) on the Best Practice Regulation Updates website from 1 July 2010. When COAG, Ministerial councils or national standard setting bodies develop regulatory proposals with significant impacts on businesses and individuals COAG’s Best Practice Regulation Requirements must be satisfied, and a RIS must be prepared for both the consultation and decision-making stages. The OBPR will publish COAG RISs and the OBPR’s assessment of the RISs as soon as practicable after the release of the RIS for consultation or the announcement of a policy decision. Where no RIS is prepared this will be reported on Best Practice Regulation Updates as soon as practicable after announcement of the policy decision.