Menezes, Flavio; Quiggin, John; Wagner, Liam - Risk and Sustainable Management Group (RSMG), School of … - 2008
The terms ‘grandfather clause’ and ‘grandfathering’ describe elements of a policy program in which existing participants in an activity are protected from the impact of regulations, restrictions or charges applied to new entrants. In this paper, the role of grandfathering in the design...