Regulation Impact Statement Updates

Review of the unwanted emission boundary core condition on 3.4 GHz spectrum licenses

2nd June 2020

Independent Review – Australian Communications and Media Authority

On 26 May 2020, the Australian Communications and Media Authority (ACMA) announced changes to the 3.4 GHz spectrum licence core condition relating to unwanted emission boundaries. This change entails moving the unwanted emission boundary from 3740 MHz to 3840 MHz.

The change to the 3.4 GHz unwanted emission boundary aligns with international standards for 5G frequency boundaries and ensures that licensees...

Financial reporting for certain for-profit private sector entities

Aust Gov

29th May 2020

Independent Review – Australian Accounting Standards Board

On 18 and 19 March 2020, the Australian Accounting Standards Board (AASB) announced the introduction of new Australian Accounting Standards (AAS) – AASB 1060 and AASB 2020-2 – that provide a simplified reporting framework for Tier 2 entities and require certain for-profit private sector entities to prepare general purpose financial statements (GPFS), rather than electing to prepare special purpose financial statements (SPFS...

Proposal to formalise the process for developing and documenting Performance Solutions in the National Construction Code

COAG

28th May 2020

COAG Decision Regulation Impact Statement – Australian Building Codes Board (ABCB)

On 21 May 2020, the Australian Building Codes Board agreed to include in the Governing Requirements of the National Construction Code (NCC) 2019 Amendment 1 a process for the development and documenting Performance Solutions.

Following a number of high profile building failures, a 2018 review of building regulatory systems found public confidence in industry’s ability to deliver safe building...

Payment Times Reporting Scheme

Aust Gov

22nd May 2020

Regulation Impact Statement – Department of Industry, Science, Energy and Resources

On 13 May 2020, the Australian Government introduced legislation to establish a Payment Times Reporting Scheme, which would require qualifying entities (large businesses with more than $100 million annual turnover) to report on their payment performance to small businesses (defined as businesses with a turnover of up to $10 million per annum). Introducing the scheme was an election commitment.

...

Live sheep exports to, or through, the Middle East—Northern Hemisphere summer

Aust Gov

14th April 2020

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

On 31 March 2020, the Department of Agriculture, Water and the Environment announced (https://www.agriculture.gov.au/export/controlled-goods/live-animals/livestock/information-exporters-industry/sheep-to-middle-east) new regulation to limit the risk of heat stress in live sheep exported to, or through, the Middle East during the Northern Hemisphere summer, from 1 May to 31 October inclusive.

The...

Improved Transparency in the Australian Gas Market

14th April 2020

COAG Decision Regulation Impact Statement – COAG Energy Council

On 20 March 2020, the Council of Australian Governments (COAG) Energy Council endorsed a Regulation Impact Statement (RIS) containing measures to improve gas market transparency, which are expected to generate benefits in terms of:

reduced search and transaction costs for market participants; facilitating more efficient investment across the market; reducing the deadweight loss associated with an inefficient...

National Electricity Amendment - System Restart Services, Standards and Testing

COAG

14th April 2020

COAG Decision Regulation Impact Statement – Australian Energy Market Commission

On 2 April 2020, the Australian Energy Market Commission (AEMC) released a final rule determination making changes to the frameworks for the procurement, testing and deployment of system restart ancillary services (SRAS) that need to take effect prior to the procurement of the next round of SRAS contracts by the Australian Energy Market Operator (AEMO). These changes will allow AEMO, transmission network...

COAG Decision Regulation Impact Statement – Australian Energy Market Commission

COAG

1st April 2020

On 26 March 2020, the Australian Energy Market Commission (AEMC) released a final rule determination to require all scheduled and semi-scheduled generators in the National Electricity Market (NEM) to support the secure operation of the power system by responding automatically to changes in power system frequency.

Having regard to the issues raised in the rule change request and during...

Victorian jurisdictional derogation – reliability and emergency reserve trader (RERT) contracting

COAG

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

COAG

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...