Regulation Impact Statement Updates

Management plans for 44 Australian Marine Parks

27th March 2018

Regulation Impact Statement - Department of the Environment and Energy

On 21 March 2018 the Minister for the Environment and Energy tabled five management plans for 44 Australian Marine Parks in Parliament. The objectives of these plans are to provide for:

the protection and conservation of biodiversity and other natural, cultural and heritage values of marine parks; and ecologically sustainable use and enjoyment of the natural resources within marine parks, where this is...

New South Wales Container Deposit Scheme

COAG

23rd March 2018

Decision Regulation Impact Statement – Council of Australian Governments

The Council of Australian Governments (COAG) has agreed to the permanent exemption of the New South Wales (NSW) Container Deposit Scheme (CDS) from mutual recognition arrangements – implemented through the Mutual Recognition Amendment (NSW Container Deposit Scheme) Regulations 2017 and Trans‑Tasman Mutual Recognition (NSW Container Deposit Scheme) Regulations 2017.

As beverage containers are the largest...

New Disability Employment Services Program from 2018

22nd March 2018

Regulatory impact Statement – Department of Social Services

In the 2017 Federal Budget, the Government announced changes to the Disability Employment Services (DES) Program, coming into effect on 1 July 2018.

Through the DES program the Australian Government invests around $800 million each year to assist people with disability, injury or health conditions to find and retain sustainable employment.

In response to recent decline in disability employment participation...

Remaking of sunsetting instrument without significant amendments

Aust Gov

21st March 2018

Prudential Standard LPS 230 Reinsurance – Australian Prudential Regulation Authority

On 6 March 2018, the Australian Prudential Regulation Authority (APRA) remade Prudential Standard LPS 230 Reinsurance (LPS 230) under subsection 230A(1) of the Life Insurance Act 1995, without significant amendment.

LPS 230 requires life insurance companies, including friendly societies, to provide APRA with a report of each reinsurance contract in force between a life insurance company and a...

Fire safety in new Class 2 and Class 3 residential buildings

COAG

16th March 2018

Regulation Impact Statement for Consultation – Australian Buildings Codes Board (ABCB)

On 02 March 2018, the Australian Buildings Codes Board (ABCB) released a Council of Australian Governments (COAG) Fire safety in Class 2 and Class 3 residential buildings Consultation Regulatory Impact Statement (RIS). The RIS considers whether the National Construction Code (NCC) Deemed-to-Satisfy (DtS) Provisions need to be revised to require fire sprinkler systems in new multi-story Class 2 and 3...

Energy efficiency for residential buildings: Nationwide House Energy Rating Scheme (NatHERS) heating and cooling load limits

COAG

15th March 2018

Regulation Impact Statement for Consultation – The Australian Building Codes Board

On 2 March 2018, the Australian Building Codes Board (ABCB) released a Council of Australian Governments (COAG) Consultation Regulation Impact Statement (RIS) which examines options to facilitate efficient energy use in both summer and winter for some new residential buildings. These options include separate energy limits for heating and cooling loads under the current Nationwide House Energy Rating...

Accessible adult change facilities in public buildings

COAG

9th March 2018

Regulation Impact Statement for Consultation – The Australian Building Codes Board

On 2 March 2018, the Australian Building Codes Board (ABCB) released a Council of Australian Governments (COAG) Consultation Regulation Impact Statement (RIS) investigating the need for accessible adult change facilities for people with disabilities in public buildings. Accessible adult change facilities are sanitary facilities with additional features to assist people with more profound or complex...

Review of the Motor Vehicle Standards Act 1989

Aust Gov

6th March 2018

Regulation Impact Statement - Department of Infrastructure, Regional Development and Cities

On 7 February 2018 the Government introduced the Road Vehicle Standards Bill 2018, the Road Vehicle Standards (Consequential and Transitional Provisions) Bill 2018, the Road Vehicle Standards Charges (Imposition-General) Bill 2018, the Road Vehicle Standards Charges (Imposition-Customs) Bill 2018 and the Road Vehicle Standards Charges (Imposition-Excise) Bill 2018 to Parliament.

The...

Improving the collection of GST on property transactions

Aust Gov

26th February 2018

Regulation Impact Statement – Australian Taxation Office

On 7 February 2018 the Government introduced the Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 (the Bill) to Parliament.

The Bill requires purchasers of new residential premises and new subdivisions to remit GST to the Australian Taxation Office (ATO) at the time of settlement, rather than in their next Business Activity Statement (BAS) statement, which could be several months after settlement. This change...

Reducing the Financial Reporting Burden: A Second Tier of Requirements for General Purpose Financial Statements

Post-implementation Reviews

14th February 2018

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...