Regulation Impact Statement Updates

20th March 2020

COAG Decision Regulation Impact Statement – Australian Energy Market Commission

On 12 March 2020, the Australian Energy Market Commission (AEMC) released a final rule determination and accompanying final rule titled: National Electricity Amendment (Victorian Jurisdictional Derogation - RERT Contracting) Rule 2020.

This rule applies only in Victoria, and complements the reliability and emergency reserve trader (RERT), which is a last resort mechanism allowing the Australian...

Wholesale Demand Response Mechanism

20th March 2020

COAG Decision Regulation Impact Statement – Australian Energy Market Commission

On 12 March 2020, the Australian Energy Market Commission (AEMC) released a second draft rule determination and accompanying second draft rule titled: Draft National Electricity Amendment (Wholesale demand response mechanism) Rule 2020 to provide a mechanism to facilitate wholesale demand response in the National Electricity Market. On 12 March 2020, the Australian Energy Market Operator (AEMO) also...

Phasing out exports of waste plastic, paper, glass and tyres

20th March 2020

COAG Decision Regulation Impact Statement – Department of Agriculture, Water and the Environment

On 13 March 2020, the Council of Australian Governments (COAG) agreed to ban the exports of waste plastic, paper, tyres and glass with additional supporting government interventions to build recycling markets and associated demand.

The Department of Agriculture, Water and the Environment (formerly the Department of the Environment and Energy) prepared a Decision RIS titled Phasing...

Regulatory framework for foreign financial services providers

19th March 2020

Regulation Impact Statement – Australian Securities and Investments Commission

On 10 March 2020, the Australian Securities and Investments Commission (ASIC) announced a new framework for the regulation of foreign financial services providers (FFSPs) providing financial services to Australian wholesale clients.

FFSPs providing services to Australian wholesale clients have been able to avail themselves of relief from the Australian Financial Services Licensing regime provided by...

Prime Minister's Exemption – COVID-19 related measures

Due to truly urgent and unforeseen events related to the spread of COVID-19, the Prime Minister has granted an exemption from the need to complete regulatory impact analysis in the form of Regulation Impact Statements (RISs) for all Australian Government measures made in response to COVID-19.

Consistent with the Australian Government’s RIS requirements, post-implementation reviews must be completed within two years of implementation for all measures that receive a Prime Minister’s...

Improvements to the authorised maximum daily quantity (AMDQ) for the Victorian Declared Wholesale Gas Market (DWGM)

COAG Decision Regulation Impact Statement – Australian Energy Market Commission

On 12 March 2020, the Australian Energy Market Commission (AEMC) released a final rule determination that amends the National Gas Rules to replace the current authorised maximum daily quantity (AMDQ) regime in the Victorian declared wholesale gas market (DWGM) with a new entry and exit capacity certificates regime. These certificates can be purchased by market participants at an auction run by AEMO to gain...

Simplified wholesale pricing arrangements for the Victorian Declared Wholesale Gas Market (DWGM)

requiring that when the Australian Energy Market Operator (AEMO) produces pricing schedules, which determine market prices, it takes into account transmission...

COAG Decision Regulation Impact Statement – Australian Energy Market Commission

On 12 March 2020, the Australian Energy Market Commission (AEMC) released a final rule determination that amends the National Gas Rules to simplify wholesale pricing in relation to the Victorian Declared Wholesale Gas Market (DWGM) by:

Changes to home care subsidy payment administration

Independent Review – Department of Health

On 27 February 2020, the Government introduced the Aged Care Legislation Amendment (Improved Home Care Payment Administration No. 1) Bill 2020.

The purpose of the Bill is to change the payment of home care subsidy to approved providers from being paid in advance to being paid in arrears. Payment of subsidy in arrears is intended to introduce a more contemporary business practice into home care subsidy payment arrangements and bring...

Optimisation of arrangements in the 3400-3575 MHz band