On 4 November 2011, the Standing Council on Transport and Infrastructure agreed [
] to implement the Rail Safety National Law. The objective of the law is to develop a seamless and coordinated national approach to rail safety regulation and improve safety outcomes. It utilises a co-regulatory approach to risk management between duty holders and the National Rail Safety Regulator. A national system of rail regulation is a significant advancement in transport policy and is expected to cut business compliance costs. This initiative follows the Council of Australian Governments (COAG) and the Australian Transport Council directing the National Transport Commission to consolidate the seven state and territory bodies of rail safety law into a Rail Safety National Law. Rail safety is one of the 27 deregulation priority reforms currently being delivered under the National Partnership Agreement to deliver a Seamless National Economy (SNE NP). The Decision Regulation Impact Statement was prepared by the National Transport Commission and assessed as adequate by the Office of Best Practice Regulation.
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