Post-implementation review - Extending Ban on Conflicted Remuneration for LICs and LITs

⁠⁠⁠Treasury requires an appropriately experienced supplier to undertake a post-implementation review (PIR), consistent with Office of Best Practice (OBPR) requirements, of a Government policy implemented in 2020 to extend the ban on conflicted remuneration for Listed Investment Companies (LICs) and Listed Investment Trusts (LITs) (https://obpr.pmc.gov.au/published-impact-analyses-and-reports/insufficient-regulatory-impact-analysis-extending-ban). The PIR must examine the policy and assess whether it is operating as intended and is effectively and efficiently meeting the Government’s objectives in addressing the original problem.

The analysis must address the 7 PIR questions:

1. What problem was the regulation meant to solve?
2. Why was government action needed?
3. What policy options were considered?
4. What were the impacts of the regulation?
5. Which stakeholders have been consulted?
6. Has the regulation delivered a net benefit?
7. How was the regulation implemented and evaluated?

This project will require data collection, analysis, and stakeholder consultation. For more information please see the OBPR guidance note on PIRs at this address: https://obpr.pmc.gov.au/sites/default/files/2021-09/post-implementation-reviews.pdf

The PIR must be completed by the external firm by 30 June 2022 to allow for internal consideration and clearance processes.