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The regulatory landscape related to building control in Australia is complex. While there is a single performance based technical requirement in common for building work there are eight state and territory governments and the commonwealth government, each with a different legislative framework for dealing with development activities. Each has adopted some form of private participation model. In the view of AIBS, Australian government structures and policy implementation with respect to building control is not working. In September 2017, AIBS released a Policy: 'Building Regulatory Reform in Australia', a document describing a legislative framework, which has the capacity to deal with emergent issues such as non-conforming building products in a way that supports the benefits of private participation. This paper sets out why and how AIBS has developed its policy, the policy content and how the content interrelates to other elements of the legislative landscape. It describes the importance of elements in supporting the successful implementation of a performance based technical code and how this will support the competitiveness of Australia's economy. It also provides the integral components for a robust building control system that supports a sustainable building industry providing better outcomes for consumers and industry. [ABSTRACT FROM AUTHOR]