The Minister for Finance and Administration, Senator Nick Minchin has released the Government’s response to the report on the review of corporate governance of statutory authorities and office holders.

Senator Minchin said the objective of the review was to identify issues surrounding existing governance arrangements and provide options for the Government to improve the performance and get the best from statutory authorities, their office holders and their accountability frameworks.

Although the Government has agreed to revise some structures, it has refused to establish an Inspector-General of Regulation to investigate, where necessary, the systems and procedures used by regulatory authorities in administering regulation.