5Governance principles#

Transport and Main Roads’ governance approach is consistent with the principles of risk-based regulation.

The department:

• accepts that not all risks can be eliminated, and different strategies and approaches are required to effectively manage different types of risk
• seeks to efficiently use resources to effectively identify and target the most serious risks and patterns of systemic non-compliance
• seeks to minimise regulatory burden for proven high-performing providers with a history of compliance, and increase governance action for those considered higher risk
• uses a suite of tools to respond proportionately to risks being managed (ranging from encouraging compliance through communication and advice, through to monitoring and cancellation of licence agreements for more serious cases, or where breaches persist and continue to persist)
• applies procedural fairness in decisions and is transparent about frameworks that guide governance, and
• is continuously reviewed and improved to ensure Transport and Main Roads’ responsibilities are being fulfilled.