Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
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...
Agreement to Amend Singapore Australia Free Trade Agreement
Independent Review – Department of Foreign Affairs and Trade
On 20 March 2017, the Minister for Trade, Tourism and Investment the Hon Steven Ciobo MP tabled the text of the Agreement to Amend the Singapore Australia Free Trade Agreement (SAFTA) in the Parliament.
The SAFTA entered into force in 2003. It forms the central pillar of Australia’s economic relationship with Singapore and provides the legal framework for the trading relationship between the two countries. While all...
Risk Management Systems of Responsible Entities
Regulation Impact Statement – Australian Securities and Investment Commission
On 27 March 2017, the Australian Securities and Investment Commission (ASIC) released guidance on risk management systems of responsible entities.
Australian financial services (AFS) licensees have an ongoing legal obligation to have adequate risk management systems in place. The released guidance on risk management systems provides tailored guidance for responsible entities on how to meet the...
Prime Minister’s exemption – Sugar Industry Code
Department of the Treasury
On 4 April 2017, the Treasurer prescribed the Competition and Consumer (Industry Code—Sugar) Regulations 2017 (‘the Code’) as a mandatory industry code under the Competition and Consumer Act 2010.
The Code:provides for an arbitration process for supply contracts between sugar suppliers and millers; provides for an arbitration process for on-supply agreements between millers and marketers; and ensures that growers have a right to choose...
Non-compliance with COAG’s best practice regulation requirements – Gas market reform: Binding arbitration framework
COAG Energy Council
On 14 December 2016, the Council of Australian Governments (COAG) Energy Council agreed to implement a compulsory arbitration framework for gas pipeline access.
In making this decision the COAG Energy Council did not comply with the Council of Australian Governments’ best practice regulation requirements to prepare a Regulation Impact Statement (RIS).