Regulation Impact Statement – Department of Agriculture and Water Resources
On 5 October 2017 the Assistant Minister for Agriculture and Water Resources announced improvements to the Illegal Logging Prohibition Regulation 2012, aimed at removing unnecessary costs on the regulated community from the current due diligence requirements.
The changes will streamline and simplify arrangements for importers or processors of timber products certified under the Forest Stewardship Council (FSC) and Programme for the Endorsement of Forest Certification (PEFC) schemes.
A Regulation Impact Statement (RIS) was prepared by the Department of Agriculture and Water Resources, and was assessed as compliant and consistent with best practice by the Office of Best Practice Regulation (OBPR).
The Department estimates the revised framework will reduce regulatory costs by $4.2 million a year. The OBPR agreed to this estimate.