Regulation Impact Statement Updates

Protecting Your Superannuation Package

14th August 2018

Regulation Impact Statement – Department of the Treasury

On 21 June 2018, the Government introduced the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018 to limit the erosion of superannuation balances, particularly for low balance and young members.

The amendments cap certain fees on superannuation accounts with balances of less $6,000 to protect them from disproportionately high fees. Under the amendments, trustees are prevented from providing opt‑out...

Prime Ministers Exemption - Marine Order 43 (Cargo and cargo handling - livestock) 2018

Aust Gov

14th August 2018

Australian Maritime Safety Authority

On 22 June 2018, the Chief Executive Officer of the Australian Maritime Safety Authority (the Authority) made an Order under the Navigation Act 2012 that provides for the certification of vessels that carry livestock and specifies requirements for the carriage and stowage of livestock.

The Order makes provision for improvements to effluent drainage arrangements from livestock spaces, improvements in minimum structural fire protection...

Carrier Licence Conditions (Networks supplying Superfast Carriage Services to Residential Customers) Declaration 2014

Aust Gov

31st July 2018

Remaking of Sunsetting Instrument without Significant Amendments – Department of Communications and the Arts

On 19 June 2018 the Minister for Communications remade the Carrier Licence Conditions (Networks supplying Superfast Carriage Services to Residential Customers) Declaration 2014 (the Declaration) without significant amendments. The Declaration was scheduled to sunset on 30 June 2018.

The Declaration, which is made by the Minister under subsection 63(5) of the...

Allocation Limits for the 3.6 GHz Spectrum Auction

Aust Gov

23rd July 2018

Regulation Impact Statement – Department of Communications and the Arts

On 6 July 2018 the Minister for Communications directed the Australian Communications and Media Authority, in determining procedures to be applied for allocating spectrum in the 3.6 GHz band, to ensure that no person or specified group of persons may use more than an aggregate of 60 MHz of spectrum in each metropolitan area, or an aggregate of 80 MHz in each regional area, in the frequency range 3400-3700 MHz....

Labelling of sugars on packaged foods and drinks

COAG

20th July 2018

Consultation Regulation Impact Statement - Australia and New Zealand Ministerial Forum on Food Regulation

On 11 July 2018 the Food Regulation Standards Committee (FRSC) released a Consultation Regulation Impact Statement (RIS) on behalf of the Australia and New Zealand Ministerial Forum on Food Regulation. The RIS explores regulatory and non-regulatory options for labelling of sugars on packaged foods and drinks for sale in Australia and New Zealand, with the aim of ensuring food...

Pregnancy warning labels on packaged alcoholic beverages

COAG

19th July 2018

Consultation Regulation Impact Statement - Australia and New Zealand Ministerial Forum on Food Regulation

During 3 May to 14 June 2018 the Food Regulation Standards Committee (FRSC) on behalf of the Australia and New Zealand Ministerial Forum on Food Regulation (the Forum) undertook targeted consultation on proposed regulatory and non-regulatory options for pregnancy warning labels on packaged alcoholic beverages. Stakeholders consulted included industry, public health and consumer...

Modern Slavery Reporting Requirement

Aust Gov

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...