ASQA joins Government’s cost recovery review project

ASQA is participating in the Department of the Prime Minister and Cabinet’s (PM&C) cost recovery review which aims to improve regulator performance and accountability.

The PM&C’s Best Practice Cost Recovery Project brings 9 national regulators operating cost recovery models together to review best practice regulator performance. The project will review how regulators use cost recovery to inform their decisions around resource allocation, regulatory performance, and organisational design ahead of ASQA’s operation as a full cost recovery agency from 1 July 2022. To prepare training providers, ASQA has provided key information on how ASQA calculates and implements charges for specific regulatory activity.

ASQA’s CEO Saxon Rice said: “We welcome the cost recovery review as part of our commitment to transparency and continuous improvement for ASQA. We also look forward to taking part in this important project to improve regulator performance across sectors.” 

The review, led by the Department of Finance, is part of the Government’s Deregulation Agenda which provides a new whole-of-government approach to regulatory policy focused on reducing barriers to productivity, growth and competitiveness. Ultimately, this will assist to minimise the cost of regulation to businesses and taxpayers.