Regulation Impact Statement Updates

Backing Small Business Investment — further extending the immediate tax deductibility threshold

16th October 2018

Regulation Impact Statement – Department of the Treasury

In the 2018-19 Budget, the Government announced that it would extend the $20,000 instant asset write-off for a further 12 months to 30 June 2019 for businesses with aggregated annual turnover less than $10 million. Enabling legislation, the Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018, was introduced to Parliament on 24 May 2018.

The measure aims to boost for a further year...

Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) 2018 and Excise Tariff Amendment (Collecting Tobacco Duties at Manufacture) Bill 2018

Aust Gov

15th October 2018

Independent Review - Department of the Treasury

On 20 September 2018, the Government introduced the Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 and the Excise Tariff Amendment (Collecting Tobacco Duties at Manufacture) Bill 2018 to provide measures to combat the negative economic and social impact of the black economy.

The Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 will deny income tax deductions for certain...

Pregnancy Warning Labels on packaged Alcoholic Beverages

COAG

12th October 2018

COAG Decision Regulation Impact Statement – Food Regulation Standing Committee

On 11 October 2018, the Australia and New Zealand Ministerial Forum on Food Regulation (the Forum) agreed, based on the evidence, a mandatory labelling standard for pregnancy warning labels on packaged alcoholic beverages should be developed and should include a pictogram and relevant warning statement. The Forum requested Food Standards Australia New Zealand develop this mandatory labelling standard as a...

Migration Amendment (Offshore Resources Activity) Regulations 2018

Aust Gov

10th October 2018

Regulation Impact Statement – Department of Home Affairs

On 2 August 2018, the Government made the Migration Amendment (Offshore Resources Activity) Regulations 2018. The amendments will reduce costs for businesses operating in Australia’s offshore resources sector by allowing certain Maritime Crew Visa (MCV) holders working on petroleum export tankers to participate in, or support, an offshore resources activity in Australia’s migration zone.

More specifically, the amendments...

Therapeutic Goods Order No. 98 – Microbiological Standards for Medicines 2018

Aust Gov

10th October 2018

Remaking of sunsetting instrument without significant amendments – Therapeutic Goods Administration

On 1 October 2018, the Therapeutic Goods Administration (TGA) remade the Therapeutic Goods Order No. 77 – Microbiological Standards for Medicines, which were due to sunset on 1 October 2018, as the Therapeutic Goods Order No. 98 – Microbiological Standards for Medicines 2018 (TGO 98), with only minor amendments.

TGO 98 specifies the minimum microbiological requirements that a...

National Code of Practice for Providers of Education and Training to Overseas Students 2018

Aust Gov

28th September 2018

Regulation Impact Statement – Department of Education and Training

On 4 September 2017, the Minister for Education and Training, under subsection 33(1) of the Education Services for Overseas Students Act 2000 (ESOS Act), made the National Code of Practice for Providers of Education and Training to Overseas Students 2018

The National Code sets nationally consistent standards and procedures for registered providers and for persons who deliver education services on behalf of...

More Choices for a Longer Life Package

Aust Gov

19th September 2018

Independent Review – Department of Health

As part of the 2018-19 Budget, the Australian Government announced the More Choices for a Longer Life Package. The Package contains 42 measures to support Australians to be better prepared to live a healthy, independent, connected and safe life.

Twelve measures in the Package will be implemented by the Department of Health (the Department) in response to the Legislated Review of Aged Care 2017 (the Tune Review) and the Review of...

Western Australian Container Deposit Scheme

COAG

10th September 2018

COAG Consultation Regulation Impact Statement – Council of Australian Governments

The Department of Water and Environmental Regulation (DWER) of the Government of Western Australia has released for public consultation a Regulation Impact Statement (RIS) examining permanent exemption from mutual recognition arrangements for the WA Container Deposit Scheme (CDS). The RIS has been prepared in accordance with Council of Australian Governments (COAG) requirements.

The WA CDS...

Independent price regulation of heavy vehicle charges

COAG

3rd September 2018

COAG Consultation Regulation Impact Statement – Transport and Infrastructure Council

On 24 July 2018, the Transport and Infrastructure Council of the Council of Australian Governments (COAG) released a Consultation Regulation Impact Statement (RIS) to explore the costs and benefits of options for the implementation of independent price regulation of heavy vehicle charges.

The Transport and Infrastructure Council agreed in May 2015 to a Heavy Vehicle Road Reform program that...

Murray Darling Basin - Basin Plan Amendment Instrument (No.1) 2018

Aust Gov

27th August 2018

Independent Review (RIS-like process) – Department of Agriculture and Water Resources

On 2 July 2018, the Minister for Agriculture and Water Resources adopted the Basin Plan Amendment Instrument (No.1) 2018 (the Instrument). The Instrument commenced in law on 3 July 2018. The instrument amends the Basin Plan 2012 to implement changes arising from the Northern Basin Review of sustainable diversion limits (SDLs), groundwater reviews and other groundwater amendments and the Australian...