LCV has adopted regulatory principles to guide its approach in undertaking its organisational activities, ensuring that processes and actions are aligned with LCV’s aim of becoming a regulator that is:
- fair, strong and accountable by applying the right regulation in the right circumstance
- engaged and involved with community, industry and other stakeholder in reducing harm
- being proactive and responsive in anticipating and identifying the changing landscape and any emerging risks
- continually developing by enhancing capability and growing regulatory expertise.
LCV is committed to enhancing its regulatory practices to minimise harm and better serve the community.
To this end, LCV’s five adopted principles are:
- Risk-based
- Collaborative
- Proactive
- Transparent
- Outcome driven.
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