|2002/03 Annual Service
Ministry of Competition, Science and Enterprise
The following tables identify the Ministry's performance targets
for each objective and core business, and the actual result attained
in 2002/03. Where appropriate, an explanation of any variances between
targets and results is included.
Performance Measures and Targets by Core Business
Goal #1: Establish a Competitive Investment
Goal #2: Promote Economic Growth
Goal #3: Innovation, Science and Technology
Ministry of Competition, Science and Enterprise Deregulation
The Ministry has been a leader in achieving Government's deregulation
commitment. As of March 31, 2003, the Ministry had achieved a 31
per cent net reduction from its baseline of 2,329 regulatory requirements,
far exceeding the Ministry's initial 12 per cent target for 2002/03.
The Ministry's 2003/04 – 2005/06 service plan incorporates
this result into revised targets leading to a net reduction of 35.6
per cent in 2004/05.
This year, the Ministry eliminated 719 unnecessary regulations
through the repeal of outdated or obsolete legislation (Small
Business Development Act; Special Enterprise Zone and Tax Relief
Act; Industrial Development Incentive Act; Natural Resource Community
Fund Act; the Job Protection Act; and the Northern
As of March 31, 2003, the British Columbia Securities Commission
achieved a net reduction of 2.6 per cent of its baseline of 21,316,
primarily through eliminating unnecessary forms. Major changes are
in progress under the Commission's deregulation initiative, which
involves an extensive overhaul of securities regulations. This overhaul
is targeted to reduce regulatory burden by one-third in 2004/05.
The Liquor Distribution Branch (LDB) reached its target of 15 per
cent net reduction from its baseline of 5,022, in part through the
expansion and simplification of the Rural Agency Store Program.
These changes created more opportunities for small business, streamlined
the application and approval process, and provided more autonomy
in everyday business. The LDB has set a final regulatory reduction
target of 54 per cent for 2004/05. (Responsibility for the LDB was
transferred to the Ministry of Public Safety and Solicitor General
on April 24, 2003.)
Government Wide Deregulation
The Government exceeded its 12 per cent deregulation target for
March 31, 2003, with a net reduction of more than 50,000 unnecessary
regulatory requirements. This achievement, under British Columbia's
innovative and comprehensive deregulation framework, reinforces
that British Columbia is regulating sensibly and thoughtfully, and
encourages prosperity, innovation and enterprise across the province.
British Columbia is unique in imposing rigorous performance standards
with tough measurable targets for regulatory reform that will promote
smart, effective and efficient regulation. Top priorities are regulations
with the most direct impact on competitiveness. Major strides have
been made in the areas of employment standards, liquor control and
licensing, land use management, and the resource sectors. Many of
the changes exemplify the shift towards results-based regulation
that will encourage innovation and competitiveness. All ministries
and agencies across Government are striving for smarter regulation
and streamlining to make it easier for all British Columbians to
interact with Government, and help create new opportunities in all
economic sectors across the province, particularly in the Heartlands.