10Content of regulatory impact statements—statutory rules

10 Content of regulatory impact statements—statutory rules (1) A regulatory impact statement must include— (a) a statement of the objectives of the proposed statutory rule; (b) a statement explaining the effect of the proposed statutory rule, including in the case of a proposed statutory rule which is to amend an existing statutory rule the effect on the operation of the existing statutory rule; S. 10(1)(ba) inserted by No. 78/2010 s. 9(1). (ba) in the case of a proposed statutory rule which amends fees in an existing statutory rule, a table comparing the proposed fees and existing fees, including an indication of the percentage increase or decrease for each fee; (c) a statement of other practicable means of achieving those objectives, including other regulatory as well as non-regulatory options; (d) an assessment of the costs and benefits of the proposed statutory rule and of any other practicable means of achieving the same objectives; (e) the reasons why the other means are not appropriate; (f) any other matters specified by the guidelines; (g) a draft copy of the proposed statutory rule. (2) The assessment of the costs and benefits must include an assessment of the economic, environmental and social impact and the likely administration and compliance costs including resource allocation costs. (3) The responsible Minister must ensure that independent advice as to the adequacy of the regulatory impact statement and of the assessment included in the regulatory impact statement is obtained and considered in accordance with the guidelines. (4) The responsible Minister must before a statutory rule in respect of which a regulatory impact statement is required is made, give a certificate in writing specifying— (a) that the requirements relating to regulatory impact statements in this Act and the guidelines have been complied with; and S. 10(4)(b) amended by No. 47/2024 s. 10(2). (b) that in the Minister's opinion the regulatory impact statement adequately assesses the likely impact of the proposed statutory rule. S. 10(5) repealed by No. 78/2010 s. 9(2). * * * * *