Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Announcement date
2 October 2024
Link to announcement
https://www.ntc.gov.au/transport-reform/ntc-projects/comprehensive-review-australian-dangerous-goods-code
Problem being addressed
The National Transport Commission (NTC) is progressing the first comprehensive update of the Australian Dangerous Goods Code (the Code) since 2007. Since then, many parts of the Code have become outdated and no longer align with modern industry practices or technologies.
Announcement date
23 September 2024
Link to announcement
APRA remakes Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs) | APRA
Problem being addressed
APRA notes that under the Legislation Act 2003, the Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book is due to sunset on 1 April 2025.
Proposal
APRA propose to remake the regulations without significant changes.
Assessed Impact Analysis outcome
Sunsetting instrument
Announcement date
18 September 2024
Link to announcement
Payday superannuation design details to ensure super is paid on time
Problem being addressed
Retirement outcomes are not served by employees making uninformed or disengaged choices about their superannuation fund. Where employees are uninformed or disengaged, stapling and default superannuation fund arrangements protect consumers. Advertising of superannuation products during onboarding can confuse or pressure employees to make uninformed decisions, open inappropriate products and unintentionally create duplicate accounts.
Proposal
Announcement date
16 September
Link to announcement
Problem being addressed
The Royal Commission into Aged Care Quality and Safety (the Royal Commission) found that at least 1 in 3 people accessing residential aged care and home services have experienced substandard care, and that the objectives, regulation and funding of the Australian aged care system is complex and piecemeal.
Announcement date
11 September 2024
Link to announcement
Total ban on the use of adverse genetic testing results in life insurance
Announcement date
12 September 2024
Link to announcement
Future Made in Australia (Guarantee of Origin) Bill 2024 – Parliament of Australia (aph.gov.au)
Problem being addressed
Within Australia there is a lack of transparent, consistent, and trusted, consistent, information on low-emission and clean Australian-made products, and no enduring mechanism to provide certification on renewable electricity.
Announcement date
12 September 2024
Link to announcement
https://minister.infrastructure.gov.au/rowland/media-release/government-introduce-legislation-combat-seriously-harmful-misinformation-and-disinformation
Announcement date
11 September 2024
Link to announcement
https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r7243
Problem being addressed
Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime establishes a regulatory framework for combatting money laundering, terrorism financing and other serious financial crimes. The intent of Australia’s AML/CTF regime is to implement a regulatory framework that:
Announcement date
7 August 2024
Link to announcement
https://www.medicalboard.gov.au/News/Current-Consultations.aspx
Problem being addressed
Health issues tend to increase as individuals age, which can be particularly problematic for medical practitioners if they have undiagnosed health issues that negatively affect their performance and increase risk to patients. Current regulatory measures are failing to detect some late career practitioners with health issues, with consequent increased risk of patient harm and increased risk of regulatory action by the Medical Board of Australia at the end of a long career.
Announcement date
18 July 2024
Link to announcement
The Consumer Goods (Infant Sleep Products) Safety Standard 2024
The Consumer Goods (Infant Products) Information Standard 2024