Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Default Market Offer price cap and reference bill on retail electricity prices
Regulation Impact Statement – Department of the Environment and Energy
On 4 April 2019, the Government made the Competition and Consumer (Industry Code- Electricity Retail) Regulations 2019 (the Code) under the Competition and Consumer Act 2010. The Code is a mandatory industry code and introduces a Default Market Offer (DMO) price cap and a reference bill on retail electricity prices. The Code will take effect from 1 July 2019 in price-deregulated regions (South Australia, New South...
Funding the Regional Broadband Scheme
Regulation Impact Statement – Department of Communications and the Arts
On 22 June 2017 the Government introduced the Telecommunications Legislation Amendment (Competition and Consumer) Bill 2017 to Parliament.
Amongst other measures, the Bill establishes an ongoing funding arrangement for fixed wireless and satellite infrastructure by imposing a monthly charge on carriers, including NBN Co Ltd, in relation to each premises connected to their network that has an active fixed-...
Prudential Standard CPS 234 Information Security
Independent Review – Australian Prudential Regulation Authority (APRA)
On 7 November 2018, APRA released the final version of its prudential standard on information security management in the financial services industry. The standard was developed to increase APRA-regulated entities’ resilience against information security incidents (including cyber-attacks), and their ability to respond swiftly and effectively in the event of a breach.
Prudential Standard CPS 234 Information...
Biosecurity Import Levy
Independent Review – Department of Agriculture and Water Resources
As part of the 2018-19 Budget, the Government announced it will introduce a new levy on all containers and non-containerised cargo transported to Australia by sea from 1 July 2019, to enable the Government to invest in measures that will help it detect, identify and respond to exotic pests and diseases earlier.
This measure will apply a $10.02 levy per twenty foot container (or equivalent) and non‑containerised...
Stronger Rural Health Strategy
Regulation Impact Statement – Department of Health
On 11 March 2019, the Minister for Immigration, Citizenship and Multicultural Affairs made the following instruments:Migration (LIN 19/047: Specification of Occupations—Subclass 187 Visa) Instrument 2019 Migration (LIN 19/048: Specification of Occupations—Subclass 482 Visa) Instrument 2019 Migration (LIN 19/049: Specification of Occupations and Assessing Authorities—Subclass 186 Visa) Instrument 2019.
The instruments give...
Review of Australia’s Sports Integrity Arrangements
Independent Review – Department of Health
On 14 February 2019, the Government introduced the following legislation:The Australian Sports Anti-Doping Authority Amendment (Enhancing Australia’s Anti‑Doping Capability) Bill 2019 to amend the existing anti-doping, freedom of information and privacy laws to ensure the efficient and effective implementation of the Australian Sports Anti-Doping Authority’s (ASADA’s) regulatory functions. The National Sports Tribunal Bill 2019 and the...
Extension of relief for SMEs undertaking certain fundraising and investment activities
Extension of class order relief for Business Introduction or Matching Services without significant amendments – Australian Securities and Investments Commission
On 20 March 2019, the Australian Securities and Investments Commission (ASIC) extended the relief provided by ASIC Corporations (Repeal and Transitional) Instrument 2017/186 (the Instrument), without significant amendment, for a period of 3 years until 1 April 2022.
The Instrument provides conditional exemptions from...
ACMA Television Program Standard - Australian content in advertising
Remaking of Sunsetting Instrument without Significant Amendments – Australian Communications and Media Authority
On 13 December 2018, the Australian Communications and Media Authority (ACMA) remade the above instrument without materially significant amendments. The new instrument commenced on 1 January 2019 and replaced the earlier instrument that was scheduled to sunset on 1 April 2019.
The objective of the standard is to ensure that the majority of advertisements on...
ASIC Corporations (Warrants: Out-of-use notices) Instrument 2019/148
Remaking of sunsetting instrument without significant amendments - Australian Securities and Investments Commission
On 12 March 2019, the Australian Securities and Investments Commission (ASIC) remade Class Order [CO 08/781] Warrants: Out of use notices in the ASIC Corporations (Warrants: Out-of-use notices) Instrument 2019/148 (ASIC Corporations Instrument 2019/148).
A Product Disclosure Statement (PDS) or supplementary PDS for warrants does not need to be lodged with ASIC....
Financial Sector (Transfer and Restructure) Regulations 2018
Remaking of sunsetting instrument without significant amendments – Department of the Treasury
On 6 December 2018 the Treasury remade the Financial Sector (Transfers of Business) Regulations 1999 (the 1999 Regulations), without significant amendment. The 1999 Regulations were scheduled to sunset on 1 April 2019, and are now remade as the Financial Sector (Transfer and Restructure) Regulations 2018 (the 2018 Regulations).
The Financial Sector (Transfer and Restructure) Act 1999...