Document ID: chunk:federal_register_of_legislation:F2017L01073:reg:8
Version: federal_register_of_legislation:F2017L01073
Segment Type: reg
Provision Reference: reg 8
Character Range: 6162–8694

8  Cost recovery implementation statements
 (1) It is a policy of the Australian Government that a cost recovery implementation statement relating to an approved regulatory charging activity provided by a corporate Commonwealth entity is to set out the following:
 (a) background information on the activity, including its purpose and intended policy outcomes and outputs;
 (b) a description of the activity and of the stakeholders who pay charges, or may be affected by the charges, for the activity;
 (c) details of the Australian Government policy approval to charge for the activity, including the date and details of any relevant public announcements;
 (d) the name and provision of the law that provides statutory authority to charge for the activity;
 (e) an explanation of the costing model for the activity;
 (f) the design of the charges, including which types of charges have been used and why, and their link to the outputs and processes of the activity;
 (g) the charging risk rating for the activity, including the factors contributing to the rating;
 (h) the stakeholder engagement strategy for the activity, including a summary of the latest engagement round setting out who was consulted and when, stakeholders' views on the activity, and how those views have been considered;
 (i) financial estimates of expenses and revenue for the activity for the current financial year and 3 forward years;
 (j) details of the financial and non‑financial performance of the activity;
 (k) key forward dates and events relating to the activity, including the date of the next portfolio charging review.
Note 1: Paragraph (k)—for the definition of portfolio charging review, see section 6.
Note 2: Further information on the application of the Australian Government policy in relation to cost recovery for regulatory activities charging is provided in the Australian Government Charging Framework, which could in 2017 be viewed at http://www.finance.gov.au.
 (2) The cost recovery implementation statement is to:
 (a) be certified by the accountable authority of the corporate Commonwealth entity, prior to consideration by the responsible Minister for the entity; and
 (b) subject to subsection (3), be published on the entity's website before the entity starts charging for the approved regulatory charging activity.
 (3) If the charging risk rating for the approved regulatory charging activity is high, the cost recovery implementation statement is not to be published without the written agreement of the Finance Minister.