Victorian Auditor-General's Office

4 DTF's delivery of the SOE framework

At a glance

Background

The Department of Treasury and Finance (DTF) plays a key role in furthering government's objectives of providing more efficient, effective and less burdensome regulation. DTF advises government on how to best achieve these goals, guides and supports program implementation and reports on progress and outcomes.

We examined how well DTF had done this for reforms affecting regulators in the health portfolio—the application of Stage 2 Statements of Expectation (SOE).

3 Departmental oversight

At a glance

Background

This part of the report examines whether the Department of Health & Human Services (DHHS) has effectively overseen the regulators in its portfolio, supported them in addressing government's policy goals and advised the Minister for Health on regulator performance.

1 Background

1.1 Regulation in Victoria

1.1.1 The purpose of regulation

Regulations have a significant role in the Victorian economy. They are a key instrument used by government to achieve its social, economic and environmental goals by directly influencing how private firms and not-for-profit organisations do business. Regulation is meant to effectively protect the community and the environment while allowing individuals and businesses to prosper.

Managing Regulator Performance in the Health Portfolio

Body
The focus of this audit was on regulation in the health portfolio, examining how effectively and efficiently a sample of small but important health regulators, DHHS and DTF are working to improve regulatory performance.

Appendix F. Audit Act 1994 section 16—submissions and comments

Introduction

In accordance with section 16(3) of the Audit Act 1994, a copy of this report, or part of this report, was provided to all portfolio departments and named agencies with a request for submissions or comments.

The submissions and comments provided are not subject to audit nor the evidentiary standards required to reach an audit conclusion. Responsibility for the accuracy, fairness and balance of those comments rests solely with the agency head.

Responses were received as follows:

Appendix D. Glossary

Accountability

Responsibility on public sector entities to achieve their objectives, with regard to reliability of financial reporting, effectiveness and efficiency of operations, compliance with applicable laws, and reporting to interested parties.

Amortisation

The systematic allocation of the depreciable amount of an intangible asset over its expected useful life.

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