Labour says the new Regulatory Standards bill unfairly tilts the playing field. 

Act's controversial bill has passed its third reading at Parliament - despite overwhelming backlash. 

The bill provides principals for lawmaking - in an attempt to cut red tape and guide regulation. 

Labour's Regulation Spokesperson Duncan Webb told Ryan Bridge, while it isn't enforceable, it makes forming policy harder. 

He says it's like the Bill of Rights Act - which lawmakers can ignore - but it comes at a political cost.