Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Reducing the Financial Reporting Burden: A Second Tier of Requirements for General Purpose Financial Statements
Post–implementation Review – Australian Accounting Standards Board
In June 2010 the Australian Accounting Standards Board (AASB) issued AASB 1053 Application of Tiers of Australian Accounting Standards. This was intended to offer in Australian Accounting Standards a way of permitting most types of entities to reduce the cost of preparing General Purpose Financial Statements in accordance with Accounting Standards yet still provide adequate information for the users of the financial...
Private Health Insurance Incentives
Post Implementation Review – Department of Health
On 1 July 2012 Fairer Private Health Insurance Incentives commenced. This measure affected higher income earners by both reducing the Australian Government Rebate on private health insurance (the Rebate) and increasing the Medicare Levy Surcharge for people without private health insurance. On 29 April 2009 the then Prime Minister granted an exemption from the requirement to prepare a Regulation Impact Statement. Consequently, a Post-...
Water trigger legislation
Post implementation review – Department of the Environment and Energy
On 1 March 2013, the then Prime Minister granted an exemption from Regulation Impact Statement (RIS) requirements due to exceptional circumstances in relation to options for amending the Environment Protection and Biodiversity Act 1999 to allow for the assessment of the impacts of coal seam gas and large coal mining developments on water resources (water trigger resources).
A post-implementation review (PIR)...
Future of Financial Advice – Additional Amendments
Post-implementation Review – Department of the Treasury
On 27 June 2012, the Corporations Amendment (Future of Financial Advice) Act 2012 received royal assent. The Treasury was required to prepare a Post-implementation Review (PIR) in relation to five measures introduced as part of the Future of Financial Advice reforms because an adequate Regulation Impact Statement was not prepared at the time. The five measures were:a ban on up-front and trailing commissions and like...
A National Consumer Protection Framework For Online Wagering In Australia
COAG Consultation Regulation Impact Statement (RIS) – A National Consumer Protection Framework for online wagering in Australia
On 19 May 2017, the Commonwealth Department of Social Services (DSS) released a consultation RIS on the National Consumer Protection Framework for online wagering in Australia (The Framework). The Framework will seek to put in place nationally-consistent consumer protection measures for individuals using licensed online wagering products in Australia. DSS has...
Woomera Prohibited Area
Post-implementation Review – Department of Defence
On 8 August 2014 the Defence Legislation Amendment (Woomera Prohibited Area) Act 2014 received royal assent. The Act amended the Defence Act 1903 to establish a regulatoryframework to administer access to the Woomera Prohibited Area (WPA) following recommendations made in the Government Review of the Woomera Prohibted Area 2011.
A Regulation Impact Statement was required, however exceptional circumstances were granted by the...
Duty Free Allowances – Cigarettes and Tobacco
Post-implementation Review – Treasury
In the 2012-13 Budget, the then Treasurer announced a reduction in the inbound duty-free allowance for cigarettes and tobacco from 250 cigarettes or 250 grams of tobacco to 50 cigarettes or 50 grams of other tobacco products, effective from 1 September 2012.
A Regulation Impact Statement was required at the time the decision was made, but exceptional circumstances were granted by the then Prime Minister. Consequently a post-implementation...
Changes to the Fair Work Act 2009
Post-Implementation Review – Department of Employment
In February 2013 and March 2013, the then Government announced a number of changes to the Fair Work Act 2009. A Regulation Impact Statement (RIS) was required for the changes, but the then Prime Minister granted an exemption to the Department from the RIS requirements on the basis of exceptional circumstances. As a result, under the Government’s best practice requirements, the Department of Employment was required to complete a...
Australian Content Requirements for Commercial Television Broadcasters
Post–implementation Review – Department of Communications and the Arts
On 30 November 2012, the then Minister for Broadband, Communications and Digital Economy announced a series of reforms in relation to policy and regulatory arrangements in the media and communications sectors, as part of the Convergence Review. This included the introduction of revised Australian content requirements for commercial television broadcasters from 2013.
An exemption from the best practice...
Australian Education Regulation 2013
On 1 January 2014, the Australian Education Regulation 2013 came into effect, as subordinate legislation to the Australian Education Act 2013. The Act and the Regulation provide for Commonwealth funding to government and non-government schools.
While the conditions and requirements for funding remained largely unchanged from the previous legislative framework, the introduction of the new legislation included the...