Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Youth Employment Package
Regulation Impact Statement – Department of Employment
The Government announced the Youth Employment Package in the 2016-2017 Budget.
The core of the package is a new Youth Jobs PaTH (Prepare – Trial – Hire) programme comprising employability skills training; work experience through an Australian Government supported internship; and a Youth Bonus wage subsidy providing an incentive to employers to hire eligible work ready young people. The Government introduced the Social Security Legislation Amendment (Youth Jobs Path: Prepare, Trial, Hire) Bill 2016 into Parliament in October 2016.
The Department of Employment prepared a Regulation Impact Statement (RIS) for the Youth Employment Package. The OBPR assessed the RIS as compliant and consistent with best practice.
The RIS estimates the average annual regulatory cost saving at $3.7 million per annum. The OBPR has agreed to the regulatory cost saving.