Transparency focus in the OFSC’s governance approach

10 March 2022

From 1 July 2021, new reporting requirements for regulator performance came into effect. The Regulator Performance Guide which replaces the 2014 Regulator Performance Framework outlines best practice principles that underpin the Government's expectations of regulator performance.

Ministerial Statements of Expectations are issued by the responsible Minister to a regulator. Statements provide clarity to the regulator about the government’s policies and objectives as well as the priorities the Minister expects the regulator to observe in conducting its operations.

In response to the Attorney-General’s Statement of Expectations, the Federal Safety Commissioner’s (FSC) Statement of Intent sets out the OFSC’s commitment to being a best practice regulator with reference to three principles outlined in the Regulator Performance Guide:

  • continuous improvement and building trust
  • risk-based and data-driven
  • collaboration and engagement.

The Attorney General’s Statement of Expectations and the FSC’s Statement of Intent can be found on the OFSC’s Regulatory Approach page.

In line with the FSC’s commitment to enhance consistent and transparent decision-making and to promote fairness and accountability, the OFSC has also released its updated Company Compliance Policy.

The Company Compliance Policy provides accredited companies with information on the OFSC’s approach to managing company compliance. The policy outlines the steps the FSC may take where there is suspected non-compliance with the conditions of accreditation.

The OFSC continues to work collaboratively with companies to ensure the highest possible workplace health and safety standards on Australian building and construction projects.