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<p>The Government is required by the Small Business, Enterprise, and Employment (SBEE)
Act 2015 to set a Business Impact Target at the start of each Parliament, ensuring
that we remain accountable and transparent to both business and the public for the
decisions we make. As set out in the Manifesto, we <em>“will strive to achieve the
right regulatory balance between supporting excellent business practice and protecting
workers, consumers and the environment” </em><em>(p.33). </em>The Government does
not believe that the current methods for assessing regulatory impacts allow for this.
Therefore, we will consult with civil society groups and the wider public to ensure
the impact of regulations are reflected more effectively, so as to continue to provide
the necessary protections without placing unnecessary burdens on business. The Government
will set out the details of who we intend to consult when we come to announce proposals
for the review of the Business Impact Target.</p>
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