Ensuring Regulatory Competitiveness
While regulation and some levels of regulatory burden are necessary for achieving outcomes and allowing society to function, excessive regulation or red tape can create challenges for New Brunswick businesses.
Ensuring competitive regulation is a key focus in ONB’s 2022-2027 Strategic Plan and an important initiative under the Government of New Brunswick’s (GNB) plan to energize the private sector and create a business climate where New Brunswick companies can thrive.
Definitions
Regulatory burden
Regulatory burden refers to the time and monetary costs required for businesses to comply with regulations, legislation, policies, procedures, or practices.
Red tape
Red tape refers to the excessive regulatory burden imposed by regulations and processes which can impact the cost of doing business.
What We Do
ONB supports the identification and adoption of competitive regulations for businesses by working with Government of New Brunswick departments, agencies, and Crown corporations to reduce the overall regulatory burden for businesses.
Our Progress
The Regulatory Accountability and Reporting Act commits the government to report annually to the Premier and the public on our progress in reducing regulatory burden and improving service to residents and businesses.
The Ensuring Regulatory Competitiveness annual report details the collective efforts, measures, and achievements made by all Government of New Brunswick departments to improve the regulatory landscape in New Brunswick.
Have ideas to streamline bureaucratic processes and reduce the regulatory burden on your business?
Let us know by completing this form. We’ll review and investigate your feedback with the relevant Government of New Brunswick department, agency, or Crown corporation.
Let us guide you
Struggling with regulations, forms, or permits? Our Business Navigators are here to guide you.
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