Security Journal

, Volume 21, Issue 4, pp 264–277

Developing a Risk Profile and Model Regulatory System for the Security Industry

  • Tim Prenzler
  • Rick Sarre

DOI: 10.1057/

Cite this article as:
Prenzler, T. & Sarre, R. Secur J (2008) 21: 264. doi:10.1057/


This is a theory and policy paper that examines the security industry in order to develop a model form of regulation with cross-jurisdictional application. It begins by outlining the need for regulation based on a risk profile for conduct and standards of work. Different types of regulation are then reviewed – including civil and criminal law, market forces and self-regulation – elaborating on previous evaluations. The focus is then placed on the need to refine modern systems of government regulation through licensing. The core of these systems involves mandated entry-level competencies (via prescribed training) and disqualifying offences (via criminal history checks). These requirements and many other elements of regulation are, however, currently applied in highly variable ways. The paper emphasizes the need for consistent standards and the inclusion of a range of “advanced” regulatory strategies for improved monitoring and professional development. It concludes by proposing a comprehensive model of what has come to be known as “smart regulation” that seeks to balance the needs and interests of the different groups holding a stake in security.


security industryprivate securityregulationsmart regulationmisconduct risks

Copyright information

© Palgrave Macmillan 2008

Authors and Affiliations

  • Tim Prenzler
    • 1
  • Rick Sarre
    • 2
  1. 1.Australian Research Council Centre of Excellence in Policing and Security, Griffith UniversityBrisbaneAustralia
  2. 2.School of Commerce, University of South AustraliaAdelaideAustralia