8 Principles of Better Regulation
Regulation is necessary to help achieve GRNSW’s objectives in the area of integrity and probity. However, ineffective and unwarranted regulation can impose unnecessary burden and compliance costs on the sport’s participants. 
GRNSW is committed to regulation reform and reducing the burden of red tape within NSW greyhound racing. As part of this commitment, GRNSW has adopted the following Better Regulation Principles to assist with regulation making in the future. 
The principles will be used when preparing regulatory proposals to demonstrate that any new regulations or amendments to existing regulatory activities are required, reasonable, practical, responsive and enforceable. The principles will ensure that regulation is only used by GRNSW when completely justified and the benefits clearly outweigh the costs of implementation and administration. 
The Better Regulation Principles are as follows:
                
Principle 1 - the need for action should be established
Principle 2 - the objective of action should be clear
Principle 3 - the impact of action should be properly understood by considering the costs and benefits of a range of options, including non-regulatory options
Principle 4 - action should be effective and proportional
Principle 5 - consultation should inform regulatory development
Principle 6 - the simplification, repeal, reform or consolidation of existing regulation should be considered
Principle 7 - regulation should be periodically reviewed and if necessary reformed to ensure its continued efficiency and effectiveness
Principle 8 - regulation should be appropriate and enforceable.



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