Independent Review – Australian Competition and Consumer Commission

On 10 October 2019, the Assistant Treasurer made a mandatory safety standard to apply to new and imported second-hand motorised quad bikes (also known as all-terrain vehicles or ATVs), the Consumer Goods (Quad Bikes) Safety Standard 2019.

The safety standard is intended to reduce the high risk of fatality and injury associated with the use of quad bikes. There were at least 128 fatalities during 2011–2018 and...

Independent Review – Department of the Treasury

The Financial Services Royal Commission identified numerous instances where the conduct of members of the banking, superannuation and financial services industry caused considerable detriment to consumers, and that there are systemic roots to much of this conduct. Hence, the Commissioner recommended a broad suite of measures, including regulatory changes, aimed at improving the conduct of the industry and reducing harm to consumers....

COAG Consultation Regulation Impact Statement – National Transport Commission

On 27 June 2019, National Transport Commission released a Consultation Regulation Impact Statement (RIS), Developing Technology-Neutral Road Rules for Driver Distraction. The RIS proposes and explores technology-neutral regulatory options to address driver distraction and analyses their potential impacts. Consultation on the RIS closed on 4 September 2019.

The Office of Best Practice Regulation...

On 12 September 2019, the Assistant Treasurer and Minister for Housing introduced the National Housing Finance and Investment Corporation Amendment Bill 2019 to Parliament. The Bill establishes the First Home Loan Deposit Scheme (FHLDS).

The FHLDS will provide a guarantee on eligible loans equal to the difference between the deposit (of at least 5 per cent) and 20 per cent of the property purchase price, with coverage broadly consistent with a parental guarantee. The FHLDS is intended...