Regulation Impact Statement Updates

Safety Assurance for Automated Driving Systems

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...

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11)

Aust Gov

14th May 2018

Independent Review (RIS-like process) – Department of Foreign Affairs and Trade

On 26 March 2018 the Government tabled the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11). The TPP-11 Agreement incorporates the provisions of the Trans-Pacific Partnership (TPP) Agreement by reference, with the exception of a limited set of provisions which are suspended. The original TPP is a regional trade agreement between twelve countries, including Australia. However,...

Counterparty credit risk for Authorised Deposit-taking Institutions

Aust Gov

14th May 2018

Independent Review – Australian Prudential Regulation Authority

On 23 April 2018, the Australian Prudential Regulation Authority (APRA) released its revised prudential framework for counterparty credit risk for authorised deposit-taking institutions (ADI).

The revised Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk (APS 112) and Prudential Standard APS 180: Capital Adequacy: Counterparty Credit Risk (APS 180) implement the Basel Committee’s...

Lighting

COAG

14th May 2018

COAG Decision Regulation Impact Statement – COAG Energy Council

On 20 April 2018, the COAG Energy Council agreed to further improve lighting energy efficiency regulation by phasing out inefficient halogen light bulbs in Australia and introducing minimum standards for LED light bulbs in Australia and New Zealand in line with European Union (EU) standards.

The phase out will remove remaining incandescent light bulbs and a range of halogen light bulbs from the Australian market,...