Member

This amendment would also create an incentive for the regulator to operate efficiently and transparently. With a funding model that relies entirely on its own revenues, the regulator will have a strong incentive to manage its resources wisely and to ensure that its functions are streamlined and cost-effective. Transparency would be further enhanced by the clear delineation of funding sources. By defining the regulator’s own revenue streams in proposed new subsection 9B, the amendment would provide everybody with clarity about how the regulator is funded, fostering greater trust and confidence in its operation.