The Australian Government is committed to reducing unnecessary or inefficient regulation imposed on individuals, business and community organisations. In 2019–20 we achieved all six performance indicators as defined under the Australian Government’s Regulator Performance Framework.

Our Regulator Performance Framework self-assessment indicates we are reducing the burden of our regulation activities. Our 2019–20 self-assessment was conducted against performance measures and validated by the following peak bodies representatives, covering a broad cross-section of our scheme participants:

• Mr John Connor, Chief Executive Officer, Carbon Market Institute
• Ms Susie Smith, Chief Executive Officer, Australian Industry Greenhouse Network, and
• Mr Darren Gladman, Director Distributed Energy, Clean Energy Council.

We continually look to refine our practices and procedures, ensuring an appropriate balance between compliance and regulatory burden. Our self-assessment identified areas where we could further enhance our performance as a regulator. These relate to:

• continuing to enhance entry pathways to improve user experience and reduce transaction costs for scheme participants
• enhancing geospatial tools and capability for faster and more accurate assessment of claims for Australian carbon credit units and renewable energy certificates
• improving the availability, transparency and accuracy of our market data
• providing guidance and enhanced tools that assist our participants to self-select into our voluntary schemes only if they have adequate capacity and capability to meet the requirements
• continuing to expand the use of analytics and data matching to detect non-compliance
• continuing to review our compliance activities and approach to managing risk to ensure we are meeting our intended outcomes, and
• seeking legislative change where necessary to enable administration of our schemes to adapt to new business models and technology changes.

Our Regulator Performance Framework self-assessment is at Appendix C: Regulator Performance Framework self-assessment 2019–20.