Delivering value for Kiwis
$223–$337 million in benefits. That’s the impact of smarter regulation.
Since March 2024, we’ve assessed the value of proposed regulatory changes – from quick fixes by our Regulatory Response Team to major regulatory reviews.
Across 12 issues, the estimated net public benefit is between $223 million and $337 million over 10 years.
We’ve cost taxpayers about $20 million so far. Every dollar invested is projected to deliver $11 to $17 in public benefit over 10 years.
Six issues have already led to regulatory changes. These changes alone are worth $19 million to $61 million over 10 years, or $1 to $3 for every dollar spent.
The overall framework was subject to an external conceptual peer review by Motuopen_in_new.
- The analysis uses cost-benefit methodology, which monetises costs and benefits where possible.
- Simplifying assumptions were applied to keep the analysis manageable, without compromising rigour or transparency.
- Where assumptions were required, we erred on the side of conservatism to avoid overstating net benefits.
- Not all impacts could be monetised. Qualitative impacts were identified and analysed but excluded from the net benefit figures.
- These results do not indicate whether each regulatory change is welfare-enhancing overall; further analysis would be required to make that determination.
- The exercise was undertaken on a best endeavours basis and was subject to data constraints, particularly for older proposals.
Table of figures
|
Regulatory change already put into effect |
||
|
Lower bound ($m) |
Upper bound ($m) |
|
|
6.13 |
18.93 |
|
|
0.22 |
0.42 |
|
|
6.18 |
35.15 |
|
|
Making it easier to care – Protection of Personal and Property Rights Act |
0.01 |
0.13 |
|
0.02 |
0.05 |
|
|
6.51 |
6.51 |
|
|
Total: |
19.07 |
61.19 |
|
Regulatory change ongoing |
||
|
7.31 |
7.31 |
|
|
Nurse practitioners |
8.26 |
8.26 |
|
Ongoing review |
Figure redacted |
Figure redacted |
|
Ongoing review |
Figure redacted |
Figure redacted |
|
48.83 |
120.05 |
|
|
93.06 |
93.06 |
|
|
Total: |
203.55 |
275.36 |
|
Overall total: |
222.62 |
336.55 |