The Department of Finance represents Australia on the Organisation for Economic Cooperation and Development (OECD)’s Regulatory Policy Committee which is a key international forum dedicated to advancing regulatory reform and encouraging and supporting regulatory best practices.
We work to make connections with and learn from international peer regulators and international organisations and bilateral partners.
Regulatory Reform Division drives work on adoption of international standards and regulatory approaches by Australian regulators (and partner regulators in our region) which can lead to a range of beneficial outcomes for the Australian community including:
- faster and cheaper access to a wider range of safe products for consumers and businesses;
- reduction of regulatory burden which leads to productivity improvements across the economy;
- boosting trade opportunities for Australian firms by achieving greater consistency of rules across national borders and lower barriers to trade and investment; and
- strengthening of existing regulatory partnerships and forging of new partnerships to support our work.