The Australian Government has committed to reducing the cost of unnecessary or inefficient regulation imposed on individuals, business and community organisations. The Regulator Performance Framework (the Framework) supports Australian Government regulators to measure and improve their performance, particularly in adopting consistent, risk-based approaches to administered regulation. 2021 will be the final year of the Regulator Performance Framework. Measuring regulatory performance will be included in regulators business plans going forward. The Framework consists of six outcomes-based key performance indicators (KPIs) aimed at reducing regulatory burden, communications, risk-based and proportionate approaches, efficient and coordinated monitoring, transparency, and continuous improvement.