This enactment permits persons involved in regulated activities to propose measures (called "compliance plans") for achieving the goals of the relevant regulations. If the compliance plans are approved by the designated Minister or other regulatory authority, they apply in place of the regulations.

The enactment also permits designated Ministers and other regulatory authorities to make agreements with other government agencies or persons on the administration of regulatory programs.

Finally, the enactment provides procedural safeguards governing the approval of compliance plans and the making of administrative agreements.