Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Major Bank Levy
Regulation Impact Statement – Department of the Treasury
On 30 May 2017 the Treasurer introduced the Major Bank Levy Bill 2017.
The bill will introduce a levy on authorised deposit‑taking institutions (ADIs) with total liabilities of greater than $100 billion. The levy is imposed at a rate of 0.015 per cent on certain liabilities of the ADI that are reported to the Australian Prudential Regulation Authority on a quarterly basis. The levy will come into effect from 1 July 2017,...
New South Wales Container Deposit Scheme
Consultation Regulation Impact Statement
The New South Wales Environment Protection Authority (EPA) has released for public consultation a Council of Australian Governments (COAG) regulation impact statement (RIS) examining permanent exemption from mutual recognition arrangements for the NSW Container Deposit Scheme (CDS).
The NSW CDS laws impose certain requirements on the sale of beverages that are not required in other jurisdictions or New Zealand that do not have a CDS. As...
Tea Tree Oil Levy
Regulation Impact Statement – Department of Agriculture and Water Resources
In the 2017/18 Budget the Government announced a levy on the tea tree oil industry consistent with its 2016 election commitment.
The levy will ensure all tea tree oil producers invest equitably in research and development (R&D), and provide industry with greater certainty about future R&D funding for investment in longer-term projects. It also provides the industry with a mechanism to...
Changes to My Health Record System
Regulation Impact Statement - Department of Health
The Government announced changes to its My Health Record system as part of the 2017-18 Budget. The My Health Record system will change to an opt-out model.
As a result of these changes, every Australian will have a My Health Record unless they prefer not to. Transition to opt-out participation will bring forward benefits to patients and medical service providers many years sooner than the current opt-in arrangements.
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...
Remaking of Sunsetting Instrument Without Significant Amendments
Class Order for Offers of Securities on Internet– Australian Securities and Investments Commission
On 7 March 2017, the Australian Securities and Investments Commission (ASIC) remade the Class Order (CO 02/246) without significant amendments in ASIC Corporations (Offers over the internet) 2017/181 (the instrument).
The instrument continues the exemption for foreign offerors of financial products from complying with the Product Disclosure Statement obligation and advertising...
Export Tariff Rate Quota Regulatory Streamlining
Regulation Impact Statement for Consultation – Department of Agriculture and Water Resources
On 30 March 2017, the Department of Agriculture and Water Resources released a consultation Regulation Impact Statement (RIS) on the management of its export quotas.
The RIS examines the effectiveness and efficiency of the existing Tariff Rate Quota (TRQ) administration. It furthermore identifies areas where TRQ management can be improved.
Details of the consultation process on...
Remaking of Sunsetting Instrument without Significant Amendments
NATIONAL HEALTH (PHARMACEUTICAL BENEFITS) REGULATIONS 1960
The National Health (Pharmaceutical Benefits) Regulations 2017 (F2017L00313) came into effect on 1 April 2017. The Regulations replace the National Health (Pharmaceutical Benefits) Regulations 1960 which were due to sunset on that date. The Regulations are essential to the ongoing administration and delivery of the Pharmaceutical Benefits Scheme (PBS) and were remade without significant amendment.
Consistent with the...
Amendments to Fair Work Legislation
Royal Commission into Trade Union Governance and Corruption – Department of Employment
On 22 March 2017, the Government introduced the Fair Work (Corrupting Benefits) Bill 2017 (the Bill) into the House of Representatives.
The Bill will amend the Fair Work Act 2009 in response to recommendations 40, 41 and 48 of the Final Report of the Royal Commission into Trade Union Governance and Corruption (TURC Report), to promote better governance of registered organisations.
Lupin as an Allergen
COAG Decision Regulation Impact Statement – Food Standards Australia New Zealand
On 9 March 2017, Food Standards Australia New Zealand approved a draft variation to the Australia New Zealand Food Standards Code, with a 12-month transition period, to regulate food containing lupin as an allergen.
The Decision Regulation Impact Statement (RIS) for Lupin as an Allergen was released on 23 March 2017.
Lupin is an emerging food allergen of public health significance in...