Document ID: chunk:federal_register_of_legislation:F2017L01073:reg:5
Version: federal_register_of_legislation:F2017L01073
Segment Type: reg
Provision Reference: reg 5
Character Range: 2035–2923

5  Simplified outline of this instrument

      This instrument specifies the Australian Government policy relating to charging for regulatory activities that is to apply to certain corporate Commonwealth entities.
      It is the policy of the Australian Government that such entities have Australian Government policy approval and statutory authority to charge for certain regulatory activities. For such an activity, such entities are to:
             (a) ensure that expenses and revenue relating to the activity balance out over a reasonable period; and
             (b) develop and maintain a cost recovery implementation statement relating to the activity; and
             (c) measure, assess and document performance for the activity.
      Under the Act, accountable authorities of corporate Commonwealth entities are responsible for ensuring compliance with this instrument.