What is RURB?
Regulatory burdens arise from the costs imposed by regulation and enforcement that would otherwise not arise for businesses. Where requirements from regulation create a change in business behaviour and practices, a regulatory burden can be said to exist. Regulations can adversely impact on businesses in various ways. Most fall under the following four categories of cost impacts:
- Administrative and operational requirements, such as:
- Reporting, record keeping
- Getting legal advice, training
- Requirements on the way goods are produced or services supplied, such as:
- Prescriptions on production methods
- Occupational registration requirements, requiring professionals to use particular techniques
- Requirements on the characteristics of what is produced or supplied, such as:
- Being required to provide air bags in all motor vehicles
- Requiring teachers or trainers to cover particular topics
- Lost production and marketing opportunities due to prohibitions, such as:
- When certain products or services are banned.