Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Prime Minister’s exemption – Sugar Industry Code
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.
- 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 who markets their sugar.
The Prime Minister granted an exemption from the Regulation Impact Statement (RIS) requirements because urgent and unforeseen events arose requiring a decision before a RIS could be prepared.
The change in regulatory burden as a result of the Code will need to be estimated by Treasury and provided to the Office of Best Practice Regulation within three months, and a post implementation review must be completed within 2 years of implementation of the Code.