Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Announcement date
25 November 2024
Link to announcement
Production tax incentives to help build a Future Made in Australia
Problem being addressed
Supply chain concentration and the vulnerability of the critical minerals supply chain to market shocks due to the concentrated nature of the downstream processing and refining of critical minerals. Private firms are failing to appropriately price in the required level of economic resilience and security in critical sectors and supply chains.
Announcement date
25 November 2024
Link to announcement
Production tax incentives to help build a Future Made in Australia
Problem being addressed
There are several hard-to-abate industrial sectors that require new energy sources to be decarbonised. These include ammonia and methanol production, steelmaking and the heavy transport sector. Renewable hydrogen can be a low-emissions substitute for hydrogen that is produced through emissions-intensive methods and has potential to replace natural gas in steelmaking.
Announcement date
13 December 2024
Link to announcement
https://www.legislation.gov.au/F2024L01638/asmade/text
Problem being addressed
The Family Law Regulations 1984 sunset in April 2025. The Family Law Regulations prescribe matters of practice and procedure in courts exercising jurisdiction under the Family Law Act 1975 (the Act). This includes matters pertaining to parentage testing; registration of overseas orders; the conferral of family law jurisdiction on certain state or territory courts; regulating who can conduct family law arbitration; and prescribing relevant state and territory laws and agencies to facilitate the Act’s operation.
Announcement date
8 August 2023
Link to announcement
Corporations (Derivatives) Determination 2023
Problem being addressed
The Corporations (Derivatives) Determination 2013 (the instrument) sets out the classes of derivatives which are subject to the Australian Securities and Investments Commission’s derivative transaction reporting and clearing rules. This instrument and the rules that it enlivens, are a key part of Australia’s regulatory framework for derivatives, introduced in line with G20 recommendations following the global financial crisis. The instrument sunsets on 1 October 2023
Announcement date
28 November 2024
Link to announcement
Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Bill 2024
Problem being addressed
Businesses have indicated that complex layers of regulation and a product safety framework that is slow to respond to changing international consumer markets can contribute to unnecessary costs and confusion about their obligations when supplying goods that are regulated by mandatory Australian standards under the Australian Consumer Law (ACL). The most common problems that have arisen through consultation include:
Announcement Date and Link
22 December 2023 - National Health (Prescriber bag supplies) Amendment Determination 2023
29 March 2024 - National Health (Listing of Pharmaceutical Benefits) Instrument 2024
Announcement date
22/09/2022
Link to announcement
https://www.aemc.gov.au/rule-changes/improving-security-frameworks-energy-transition
Problem being addressed
The National Electricity Market (NEM) is going through a significant transformation, with the generation mix changing due to decarbonisation, changing technology costs, and consumer preferences.
Announcement date
9 December 2024
Link to announcement
New franchising code to commence
Competition and Consumer (Industry Codes—Franchising) Regulations 2024
Problem being addressed
The Treasury notes that under the Legislation Act 2003, the Competition and Consumer (Industry Codes — Franchising) Regulation 2014 (the Regulation) is scheduled to sunset on 1 April 2025.
Proposal
The Treasury remake the Regulation without significant amendment.
Assessed Impact Analysis outcome
Sunsetting instrument
Announcement Date
11 December 2024
Link to Announcement
Expanded role for registered nurses to improve access to safe and timely healthcare
Problem Being Addressed
Announcement Date
28 November 2024
Link to Announcement
Transport Security Amendment (Security of Australia’s Transport Sector) Bill 2024