Regulation Impact Statement Updates

Demand management incentive scheme and innovation allowance for TNSPs

13th September 2019

Consultation Regulation Impact Statement – Australian Energy Market Commission

On 12 September 2019, the Australian Energy Market Commission (AEMC) released the draft rule determination for the National Electricity Amendment (Demand management incentive scheme and innovation allowance for TNSPs) Rule 2019 (draft determination). This is to make a more preferable draft rule, that is to apply the Demand Management Innovation Allowance mechanism (DMIA), and not the Demand Management...

Same-Sex Relationships (Equal Treatment in Commonwealth Laws – General Law Reform) (Veterans’ Affairs) Regulations 2019

Aust Gov

13th September 2019

Remaking of sunsetting instrument without significant amendments

On 8 August 2019, the (Attorney-General’s Department) remade the Same-Sex Relationships (Equal Treatment in Commonwealth Laws – General Law Reform) (Veterans’ Affairs) Regulations 2009 (the Regulations) without materially significant amendments. The Regulations commenced on 22 August 2019 and replace the earlier instrument that was scheduled to sunset on 1 October 2019.

The Regulations entitle certain dependants...

Reducing Heavy Vehicle Rear Impact Crashes: Autonomous Emergency Braking

Aust Gov

11th September 2019

On 20 August 2019, the Department of Infrastructure, Transport, Cities and Regional Development released a Regulation Impact Statement (RIS).

The RIS identifies Autonomous Emergency Braking Systems (AEBS) as an effective countermeasure to rear impact road trauma caused by heavy vehicles, and explores a range of policy options to increase the fitment to new heavy vehicles and buses.

The RIS is seeking comments from any interested persons or parties with an interest in this topic...

Share and Interest Purchase Plans Conditional Relief

Aust Gov

3rd September 2019

Remaking sunsetting instrument without significant amendments – Australian Securities and Investments Commission

On 26 August 2019, the Australian Securities and Investments Commission (ASIC) made ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 to replace ASIC Class Order [CO 09/425], which was due to sunset on 1 October 2019.

The regulatory relief facilitates the offer of share and interest purchase plans by entities listed on the Australian...

Changes to prudential requirements for related entity risk management

Aust Gov

29th August 2019

Independent Review - Australian Prudential Regulation Authority

In July 2018, the Australian Prudential Regulation Authority (APRA) proposed changes to the current prudential requirements for related entity risk management by banks and other authorised deposit-taking institutions (ADIs).

Following consultation, APRA made adjustments to the proposed changes in order to address stakeholder concerns, while maintaining other aspects of the original proposal where it concluded...

Smart Demand Response Capabilities for Selected Appliances

COAG

15th August 2019

COAG Consultation Regulation Impact Statement – COAG Energy Council

On 13 August 2019, the South Australian Department for Energy and Mining, on behalf of the Council of Australian Governments (COAG) Energy Council, released a consultation paper to explore the merits of requiring that all new air conditioners, resistive electric water heaters, electric vehicle chargers and pool pump controllers sold in Australia and New Zealand should have demand response capabilities, to reduce...

Measures to Improve Transparency in the Gas Market

COAG

9th August 2019

COAG Consultation Regulation Impact Statement – COAG Energy Council

On 8 August 2019, the Council of Australian Governments (COAG) Energy Council released a Consultation Regulation Impact Statement (the Consultation RIS) to explore options to improve transparency in the eastern and northern Australian gas markets.

The Consultation RIS focuses on addressing information gaps and asymmetries relating to gas and infrastructure prices, supply and availability of gas, gas demand, and...

Transparency of new projects

COAG

2nd August 2019

COAG Consultation Regulation Impact Statement – Australian Energy Market Commission

On 1 August 2019, the Australian Energy Market Commission (AEMC) released the draft rule determination for the National Electricity Amendment (Transparency of New Projects) Rule 2019 (draft determination) to improve the transparency of new generation projects in the National Electricity Market (NEM). The AEMC has also released the corresponding Draft National Electricity Amendment (Transparency of New...

Recommendations of the 2018 Review of the Model Work Health and Safety Laws – COAG Consultation Regulation Impact Statement – Safe Work Australia

COAG

23rd July 2019

On 24 June 2019, Safe Work Australia released for public consultation a Regulation Impact Statement (RIS) on the recommendations of the Review of the model WHS laws: Final report (the Review).

The Review examined the content and operation of the model WHS laws, including whether they are achieving the objectives stated in the model WHS Act or if they have resulted in unintended consequences. The Review found that, for the most part, the model WHS laws are working as intended, but...

Wholesale demand response mechanism

COAG

18th July 2019

COAG Consultation Regulation Impact Statement – Australian Energy Market Commission

On 18 July 2019, the Australian Energy Market Commission (AEMC) released the draft rule determination for the National Electricity Amendment (Wholesale demand response mechanism) Rule 2019 (draft determination) to provide a mechanism to facilitate wholesale demand response in the National Electricity Market. The AEMC has also released the corresponding Draft National Electricity Amendment (Wholesale...