The New Zealand government proposed a new control regime to streamline the process of building approval by introducing risk-based inspections for certain types of building works. With this regulatory balance could be proportioned to stakeholders involved in the building process. A review of the Building Act in 2010 had indicated that a more balanced approach to building control is required to more appropriately allocate responsibility, accountability and liability between construction stakeholders. A larger study on which the current study is based, evaluates stakeholders perception of the newly introduced risk-based building inspection scheme and on regulatory balance issues. Building inspectors expressed concern in the shift in balance, as current regulatory inspections had a high proportion rate of failures involving competent building practitioners. However the scheme provides building regulators a tool to accelerate building processes without compromising cost and quality.