35Content of regulatory impact statements

35 Content of regulatory impact statements A regulatory impact statement for a proposed subordinate law or disallowable instrument (the proposed law) must include the following information about the proposed law in clear and precise language: (a) the authorising law; (b) a brief statement of the policy objectives of the proposed law and the reasons for them; (c) a brief statement of the way the policy objectives will be achieved by the proposed law and why this way of achieving them is reasonable and appropriate; (d) a brief explanation of how the proposed law is consistent with the policy objectives of the authorising law; (e) if the proposed law is inconsistent with the policy objectives of another territory law— (i) a brief explanation of the relationship with the other law; and (ii) a brief explanation for the inconsistency; (f) if appropriate, a brief statement of any reasonable alternative way of achieving the policy objectives (including the option of not making a subordinate law or disallowable instrument) and why the alternative was rejected; (g) a brief assessment of the benefits and costs of implementing the proposed law that— (i) if practicable and appropriate, quantifies the benefits and costs; and (ii) includes a comparison of the benefits and costs with the benefits and costs of any reasonable alternative way of achieving the policy objectives stated under paragraph (f);

Requirements for regulatory impact statements Part 5.2 (h) a brief assessment of the consistency of the proposed law with the scrutiny committee principles and, if it is inconsistent with the principles, the reasons for the inconsistency.