Regulation Impact Statement – Department of Defence
On 26 February 2015, the Minister for Defence introduced the Defence Trade Controls Amendment Bill 2015. The Bill amends the Defence Trade Controls Act 2012 to streamline export controls and reduce the burden of regulation on the defence industries, the dual-use industries and universities and research institutions while maintaining national security and complying with Australia’s international obligations. Dual use equipment and technologies are those developed to meet legitimate commercial business needs that can also be used either as military components or for the development or production of military systems or weapons of mass destruction (WMD). A Regulation Impact Statement (RIS) was prepared and certified by the Department of Defence under the Australian Government’s best practice regulation requirements, and has been assessed as compliant and consistent with best practice by the Office of Best Practice Regulation (OBPR). The RIS estimates that the measure will reduce regulatory costs by $35.4 million per annum. The OBPR has agreed to the estimated regulatory savings.