LCV is dedicated to an outcome-driven regulatory approach, recognising the importance of flexibility in determining the most effective path to achieving its goals.
Rather than adhering to a rigid, rule-based framework that strictly follows predefined standards and procedures, LCV focuses on adapting its approach to deliver the best possible outcomes.
In doing so, LCV aims to:
- Foster continuous improvement – By using feedback, data and performance measurements to refine regulatory strategies and adapt to industry practices and societal changes.
- Ensure policies and procedures stay up-to-date – By cultivating a culture of creativity and continuous improvement. Regularly assess its decision-making framework and policies to guarantee their effectiveness in achieving the best possible outcomes across LCV’s regulatory functions, while remaining responsive to the evolving needs of Victoria’s industries and community.
- Use a range of enforcement tools – By tailoring regulatory interventions to the specific circumstances of each case. This allows LCV to select the appropriate enforcement strategy, from collaborative and educational approaches to more formal enforcement actions, depending on the severity of the situation. By applying proportional and adaptive measures, LCV can drive compliance more effectively, reduce unnecessary burdens on regulated entities, and better support industries in meeting regulatory requirements.
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