Regulation Impact Statement Updates

A National Consumer Protection Framework For Online Wagering In Australia

29th May 2017

COAG Consultation Regulation Impact Statement (RIS) – A National Consumer Protection Framework for online wagering in Australia

On 19 May 2017, the Commonwealth Department of Social Services (DSS) released a consultation RIS on the National Consumer Protection Framework for online wagering in Australia (The Framework). The Framework will seek to put in place nationally-consistent consumer protection measures for individuals using licensed online wagering products in Australia. DSS has...

Remaking of Sunsetting Instrument Without Significant Amendments

Aust Gov

29th May 2017

Class Order for Offers of Securities on Internet– Australian Securities and Investments Commission

On 7 March 2017, the Australian Securities and Investments Commission (ASIC) remade the Class Order (CO 02/246) without significant amendments in ASIC Corporations (Offers over the internet) 2017/181 (the instrument).

The instrument continues the exemption for foreign offerors of financial products from complying with the Product Disclosure Statement obligation and advertising...

Export Tariff Rate Quota Regulatory Streamlining

COAG

29th May 2017

Regulation Impact Statement for Consultation – Department of Agriculture and Water Resources

On 30 March 2017, the Department of Agriculture and Water Resources released a consultation Regulation Impact Statement (RIS) on the management of its export quotas.

The RIS examines the effectiveness and efficiency of the existing Tariff Rate Quota (TRQ) administration. It furthermore identifies areas where TRQ management can be improved.

Details of the consultation process on...

Remaking of Sunsetting Instrument without Significant Amendments

Aust Gov

26th April 2017

NATIONAL HEALTH (PHARMACEUTICAL BENEFITS) REGULATIONS 1960

The National Health (Pharmaceutical Benefits) Regulations 2017 (F2017L00313) came into effect on 1 April 2017. The Regulations replace the National Health (Pharmaceutical Benefits) Regulations 1960 which were due to sunset on that date. The Regulations are essential to the ongoing administration and delivery of the Pharmaceutical Benefits Scheme (PBS) and were remade without significant amendment.

Consistent with the...

Amendments to Fair Work Legislation

Aust Gov

26th April 2017

Royal Commission into Trade Union Governance and Corruption – Department of Employment

On 22 March 2017, the Government introduced the Fair Work (Corrupting Benefits) Bill 2017 (the Bill) into the House of Representatives.

The Bill will amend the Fair Work Act 2009 in response to recommendations 40, 41 and 48 of the Final Report of the Royal Commission into Trade Union Governance and Corruption (TURC Report), to promote better governance of registered organisations.

...

Lupin as an Allergen

COAG

18th April 2017

COAG Decision Regulation Impact Statement – Food Standards Australia New Zealand

On 9 March 2017, Food Standards Australia New Zealand approved a draft variation to the Australia New Zealand Food Standards Code, with a 12-month transition period, to regulate food containing lupin as an allergen.

The Decision Regulation Impact Statement (RIS) for Lupin as an Allergen was released on 23 March 2017.

Lupin is an emerging food allergen of public health significance in...

Agreement to Amend Singapore Australia Free Trade Agreement

Aust Gov

13th April 2017

Independent Review – Department of Foreign Affairs and Trade

On 20 March 2017, the Minister for Trade, Tourism and Investment the Hon Steven Ciobo MP tabled the text of the Agreement to Amend the Singapore Australia Free Trade Agreement (SAFTA) in the Parliament.

The SAFTA entered into force in 2003. It forms the central pillar of Australia’s economic relationship with Singapore and provides the legal framework for the trading relationship between the two countries. While all...

Risk Management Systems of Responsible Entities

Aust Gov

7th April 2017

Regulation Impact Statement – Australian Securities and Investment Commission

On 27 March 2017, the Australian Securities and Investment Commission (ASIC) released guidance on risk management systems of responsible entities.

Australian financial services (AFS) licensees have an ongoing legal obligation to have adequate risk management systems in place. The released guidance on risk management systems provides tailored guidance for responsible entities on how to meet the...

Prime Minister’s exemption – Sugar Industry Code

Aust Gov

5th April 2017

Department of the Treasury

On 4 April 2017, the Treasurer prescribed the Competition and Consumer (Industry Code—Sugar) Regulations 2017 (‘the Code’) as a mandatory industry code under the Competition and Consumer Act 2010.

The Code:

provides for an arbitration process for supply contracts between sugar suppliers and millers; provides for an arbitration process for on-supply agreements between millers and marketers; and ensures that growers have a right to choose...

Non-compliance with COAG’s best practice regulation requirements – Gas market reform: Binding arbitration framework

COAG

4th April 2017

COAG Energy Council

On 14 December 2016, the Council of Australian Governments (COAG) Energy Council agreed to implement a compulsory arbitration framework for gas pipeline access.

In making this decision the COAG Energy Council did not comply with the Council of Australian Governments’ best practice regulation requirements to prepare a Regulation Impact Statement (RIS).