Good regulation benefits us all – we all drive on the left side of the road, we can trust that our food is safe to eat, and our innovators can get legal protections for their ideas. But poorly designed and implemented regulation makes it difficult for businesses to innovate and grow and adds cost to our economy. The Ministry was established on 1 March 2024, to strengthen New Zealand’s regulatory management system and to improve regulatory quality, including the experience that New Zealanders have of complying with regulation. We are focused on lifting quality across all regulatory systems and supporting agencies with regulatory responsibilities to align with good practice. It is important New Zealand has sound regulatory settings to support a modern, open market economy.