Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Register of Foreign Ownership of Water Entitlements
Regulation Impact Statement – The Treasury
On 12 October 2016, the Treasurer introduced the Register of Foreign Ownership of Agricultural Land Amendment (Water) Bill 2016. The bill would establish a Register of Foreign Ownership of Water Entitlements.
A Regulation Impact Statement (RIS) was prepared and certified by the Treasury under the Australian Government’s best practice regulation requirements. The Office of Best Practice Regulation (OBPR) assessed the RIS as compliant and consistent with best practice.
The RIS estimates the measure will increase regulatory costs by $0.1 million per year. The OBPR agreed to the estimate.