Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Annual Members’ Meetings for Superannuation Funds
Regulation Impact Statement – Department of the Treasury
On 14 September 2017, the Government introduced the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2017, which among other things contains a proposal to require superannuation funds to hold annual members’ meetings (AMMs).
The proposal seeks to increase engagement of members with their superannuation funds and the accountability of fund trustees. Accordingly,...
Additional Methods to Determine Export Prices for Goods Subject to Anti-dumping Reviews
Regulation Impact Statement – Department of Industry, Innovation and Science
On 13 September 2017, the Government introduced the Customs Amendment (Anti-Dumping Measures) Bill 2017, which is intended to provide legal certainty to use additional methodologies to determine an export price for goods subject to an anti-dumping measures review where the foreign exporter does not export the goods, or exports low volumes, during the review period.
The change addresses situations where...
Proposed Amendments to the Safety, Rehabilitation and Compensation Act 1988
During 3 to 24 October 2017 the Department of Employment undertook targeted confidential consultation on proposed amendments to the Safety, Rehabilitation and Compensation Act 1988.
The proposed reforms are aimed at improving early intervention and rehabilitation, the effectiveness of claims management and dispute resolution and the quality of medical treatment and household and attendant care.
A Regulation Impact Statement (RIS) was prepared by the Department of Employment for...
Strengthening the Requirements for Australian Citizenship
Independent Review – Department of Immigration and Border Protection
On 15 June 2017, the Minister for Immigration and Border Protection tabled the Australian Citizenship Legislation Amendment (Strengthening the Requirements for Australian Citizenship and Other Measures) Bill in Parliament.
The Department of Immigration and Border Protection certified the Final Report of the National Consultation on Citizenship entitled Australian Citizenship – Your Right, Your Responsibility...
Australian Domestic Gas Security Mechanism
Department of Industry, Innovation and Science
On 27 June 2017 the Australian Government made the Customs (Prohibited Exports) Amendment (Liquefied Natural Gas) Regulations 2017, which implemented the Australian Domestic Gas Security Mechanism (ADGSM).
The ADGSM establishes a framework for restrictions on the export of liquefied natural gas (LNG) from LNG projects, to be imposed where the Resources Minister determines there is a reasonable prospect of a supply shortage in the...
National Phase Out of PFOS
Regulation Impact Statement for Consultation – Department of the Environment and Energy
On 24 October 2017, the Department of the Environment and Energy released for consultation a Regulation Impact Statement (RIS) on options for a national phase out of perfluorooctane sulfonic acid (PFOS) and its salts.
The consultation RIS proposes a national approach to managing PFOS chemicals to minimise future emissions, in accordance with the standards established by the Stockholm...
Credit Card Reforms
Independent Review – Department of the Treasury
On 19 October 2017 the Government introduced the Treasury Laws Amendment (Banking Measures No 1) Bill 2017 to Parliament.
The Bill amends the National Consumer Credit Protection Act 2009 to introduce reforms to improve consumer outcomes under credit card contracts. These reforms reduce the likelihood of consumers being granted excessive credit limits, align the way interest is charged with consumers’ reasonable expectations and...
Remaking of Sunsetting Instrument Without Significant Amendments
Taxation Administration Regulations 2017 – The Treasury
On 21 September 2017, the Treasury remade the Taxation Administration Regulations 2017 (the Regulations) under section 18 of the Taxation Administration Act 1953 (the Act) without significant amendment.
The Regulations provide compliance requirements in the administrative framework for taxation laws, including the collection and recovery of income tax and other liabilities, appeal processes, payments, enforcement and,...
Decorative Alcohol Fuelled Devices
Regulation Impact Statement - Australian Competition and Consumer Commission
On 10 July 2017, the Commonwealth Minister for Small Business announced a new safety standard for decorative alcohol fuelled devices, also known as ethanol burners.
The new safety standard replaces the national interim ban on the supply of ethanol burners and comes into effect on 15 July 2017.
The new safety standard will prevent the supply of table top devices (devices which weigh less than 8...
Private Health Insurance Incentives
Post Implementation Review – Department of Health
On 1 July 2012 Fairer Private Health Insurance Incentives commenced. This measure affected higher income earners by both reducing the Australian Government Rebate on private health insurance (the Rebate) and increasing the Medicare Levy Surcharge for people without private health insurance. On 29 April 2009 the then Prime Minister granted an exemption from the requirement to prepare a Regulation Impact Statement. Consequently, a Post-...