This team is responsible for providing overarching advice on the Regulatory Management System and identifying
priority areas for improvement. This includes providing advice on the development of a new Regulatory Standards
Bill, supporting the progress of the Bill through Parliament, and providing ongoing support for implementation and
stewardship as required.

This team is responsible for supporting government agencies to fulfill their regulatory stewardship obligations and
responsibilities. It does this by providing resources and guidance to agencies and advising on issues that affect
multiple regulatory systems. It is also responsible for assisting agencies to comply with New Zealand’s international
obligations in relation to good regulatory practice.

The team has two primary functions. It is responsible for the oversight and operation of the Regulatory Impact
Analysis (RIA) system. It also engages with other agencies and provides advice to Ministers on regulatory policy
proposals that have the potential for significant impacts on New Zealand’s economy, including where there are
significant policy risks or uncertainty.

The Policy Group’s economists play a critical role in the Ministry’s work. They conduct cost-benefit analyses and assess the economic impact of proposed regulations. By quantifying these impacts, economists guide policymakers toward optimal choices.