Regulator performance framework review

The key performance indicators (KPIs) in NOPSEMA's corporate plans have been set to align with the KPIs of the Regulator Performance Framework. The Framework, which came into effect 1 July 2015, is an important part of the Commonwealth Government's commitment to reduce the cost of unnecessary or inefficient regulation.

The Framework sets out six outcomes-based KPIs covering reducing regulatory burden, communications, risk-based and proportionate approaches, efficient and coordinated monitoring, transparency, and continuous improvement. 

The alignment of NOPSEMA's KPIs with the requirements of the Framework has allowed NOPSEMA to provide a clear and consistent single report on its performance as a regulator to stakeholders each year. The first annual reporting period for the Framework concluded on 30 June 2016, after which NOPSEMA published an assessment of its performance against the Framework in the Annual Performance Statements within its annual report.

A key requirement of the Framework is the external validation of our self-assessment report by our Ministerial Advisory Council (MAC) which for NOPSEMA, is the Growth Centres Advisory Committee (GCAC). To read the external validation reports see below.

Page last updated: June 13, 2021 11:43am