Determine if there is a problem of sufficient size and scope and whether there is a case for government action.
Clearly identify the objectives of government action.
Identify a range of feasible policy options that could address the policy problem.
Assess the costs and benefits of the potential options to identify the option that maximises the net benefit to the Queensland community.
Assessing competition impacts
Specific issues that should be assessed where a legislative proposal includes a restriction on competition.
Implementation and evaluation
Where regulation is proposed, assess key implementation issues and establish an evaluation framework.
Best practice consultation
Affected stakeholders should be consulted at all stages of the regulatory cycle.