The Consultation Regulation Impact Statement (RIS) examines whether to introduce a revised Minimum Energy Performance Standards (MEPS) for electricity distribution transformers to improve existing levels of energy efficiency and performance. The proposed revised standard would apply to oil-immersed and dry type electricity distribution transformers with power ratings from 10 kVA to 3150 kVA intended to be used on 11 kV, 22 kV and 33 kV networks throughout Australia and New Zealand.  

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On 28 April 2011 the Assistant Treasurer announced a number of reforms following on from the Future of Financial Advice announcement in April 2010. The reforms include: banning all trailing commissions on risk insurance inside superannuation; a requirement for financial advisers to get clients to ‘opt-in’ every two years; a broad ban on volume-based payments from product issuers to financial advisors; allowance for scaled rather than holistic financial advice by the industry; and a ban on...

On 5 July 2011, Regulation Impact Statements were tabled in Parliament regarding a suite of measures related to the regulation of activity in the Antarctic region.  The measures include liability arising from environmental emergencies, landing persons from passenger vessels, and insurance and contingency planning for tourism and non-government activities.

The measures were adopted unanimously by Parties to the Antarctic Treaty. The measures impose a number of obligations on tourist...

In the 2011-12 Budget released on 10 May 2011, the Government announced that it would amend the Taxation of Financial Arrangements tax hedging rules to ensure that the rules operate as intended, and to provide further certainty and reduce compliance costs for affected taxpayers.

A Regulation Impact Statement was required to inform the decision as this measure would have a regulatory impact on business compliance costs but was not prepared.  Consequently, the Office of Best Practice...