Regulation Impact Statement Updates

Modern Slavery Reporting Requirement

18th July 2018

Regulation Impact Statement – Department of Home Affairs

On 28 June 2018, the Government introduced the Modern Slavery Bill 2018 to establish a Modern Slavery Reporting Requirement (reporting requirement) for certain businesses and other entities in Australia.

The reporting requirement will require certain businesses and other entities with more than $100 million consolidated revenue to publish annual statements detailing their actions to address modern slavery in their...

Mandatory Comprehensive Credit Reporting

Aust Gov

16th July 2018

Independent Review – Department of the Treasury

On 28 March 2018 the Government introduced the National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018 to establish a mandatory comprehensive credit reporting (CCR) regime to apply from 1 July 2018.

Under the mandatory regime, large authorised deposit-taking institutions (ADIs) must provide comprehensive credit information on consumer credit accounts to credit reporting bodies. There is...

National Energy Guarantee

COAG

2nd July 2018

Consultation Regulation Impact Statement – COAG Energy Council

On 29 June 2018, the COAG Energy Council released a Consultation Regulation Impact statement (RIS) to explore possible options for addressing climate and energy policy issues in the National Electricity Market.

The RIS examines options including the status quo, a National Energy Guarantee and an Physically Backed Contracts option. The RIS responds to issues around maintaining energy reliability, lowering emissions...

Safety Assurance for Automated Driving Systems

COAG

28th June 2018

Consultation Regulation Impact Statement – National Transport Commission

On 15 May 2018, the National Transport Commission (NTC) released the Safety Assurance for Automated Driving Systems Regulation Impact Statement (RIS) for consultation. The RIS outlines key risks that may arise when automated vehicles become available including:

1. Automated driving systems (ADS) fail to deliver reasonable safety outcomes.

2. A lack of consumer confidence in the safety of ADSs...

National Heavy Vehicle Braking Strategy – Australian Design Rule 35/06, 38/05 - Improving the Stability and Control of Heavy Vehicles

Aust Gov

19th June 2018

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

On 5 June 2018, the Minister for Urban Infrastructure and Cities announced new measures to mandate Electronic Stability Control (ESC) for heavy vehicle trailers from July 2019 and for selected heavy trucks and buses from November 2020. Heavy vehicle rollover and loss of control crashes account for 22 per cent of all heavy vehicle injury crashes in Australia between 2008 and 2010.

A...

Digital Radio Multiplex Transmitter Licences (Decision-Making Criteria) Determination 2008 and The Digital Radio Multiplex Transmitter Licences Procedural Rules 2008

Aust Gov

31st May 2018

Remaking of Sunsetting Instrument Without Significant Amendments – Australian Competition and Consumer Commission

On 23 May 2018 the Australian Competition and Consumer Commission remade the above instruments without significant amendments. These Instruments were scheduled to sunset on 1 October 2018.

The Digital Radio Multiplex Transmitter Licences (Decision-Making Criteria) Determination 2018 is designed to promote transparency in decision-making by setting out the criteria...

Gift Card Expiry Dates

COAG

29th May 2018

COAG Consultation Regulation Impact Statement – Legislative and Governance Forum on Consumer Affairs

On 2 May 2018, the Australian Government Department of the Treasury released a Consultation Regulation Impact Statement (RIS) to explore possible options to regulate the expiry period of retail gift cards and vouchers.

The RIS examines options including, the status quo, a prohibition on expiry periods and a mandated minimum three year expiry period with information disclosure...

Financial Sector (Collection of Data) Act 2001

Aust Gov

29th May 2018

Remaking of Sunsetting Instrument Without Significant Amendments - Australian Prudential Regulation Authority

On 21 March 2018 the Australian Prudential Regulation Authority (APRA) remade 34 reporting standards under the Financial Sector (Collection of Data) Act 2001 (FSCODA) without significant amendments. Thirty-three standards apply to authorised deposit-taking institutions and one applies to entities registered under FSCODA known as registered financial corporations. The standards...

Household Refrigerators and Freezers

COAG

29th May 2018

Decision Regulation Impact Statement – COAG Energy Council

On 24 November 2017, the COAG Energy Council agreed to changes to energy efficiency regulation for household refrigerators and freezers.

The changes will tighten Minimum Energy Performance Standard (MEPS) for household refrigerators and freezers to harmonise with MEPS levels adopted by the United States in 2014. In addition, the changes will result in adopting international test standards, rather than the current...

Private Health Insurance Reform

Aust Gov

17th May 2018

Regulation Impact Statement – Department of Health

On 28 March 2018, the Government introduced three Bills into the Parliament as part of implementing reforms to private health insurance announced by the Government on 13 October 2017.

The Private Health Insurance Legislation Amendment Bill 2018, the A New Tax System (Medicare Levy Surcharge – Fringe Benefits) Amendment (Excess Levels For Private Health Insurance Polices) Bill 2018 and the Medicare Levy Amendment (Excess Levels...