Regulation/Regulatory Impact Statement (RIS)
Regulation/Regulatory Impact Statement (RIS) : The ACCC usually creates a RIS when the Australian Government decides to make or remake a consumer product safety regulation. A RIS describes the safety issue that the proposed regulation intends to resolve and compares possible options for dealing with that issue. It includes an assessment of the costs and benefits of each option, followed by a recommendation supporting option with the most benefitcialist regimes to look after the safety of these products and their use
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