Through an adaptive, risk-based approach to regulation and compliance, the department ensures responsible resource exploration, development and rehabilitation activities throughout the life cycle of any development, while maximising economic return to the state.
The department also manages the regulation of the manufacture, storage, handling, transport and use of dangerous goods, including the operation of major hazard facilities.
This measure monitors how efficiently the department delivers regulatory and compliance services relating to health, safety and social responsibility, environment and dangerous goods to ensure resources are optimised.
This measure is calculated as the total cost of regulatory and compliance services divided by the number of weighted regulatory and compliance services.
In 2017–18, a total of 59,607 weighted regulatory and compliance activities were undertaken. This is comparable to 2016–17 (59,661) and slightly higher than the target (57,487).
The average weighted cost of regulatory and compliance services was eight per cent lower than 2016–17 and 17 per cent lower than the target. This is due, in part, to savings measures initiated by the government and the department. The department initiated savings measures in response to a shortfall in cash as revenue streams are volatile and reflect the upturns and downturns experienced by the resources sector.
Table 44: Key efficiency indicator S7.1: Average weighted cost of regulatory and compliance services