Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Announcement date
25 September 2024
Link to Announcement
https://www.legislation.gov.au/F2024L01211/asmade/versions
Problem being addressed
The Department of Health and Aged Care note that under the Legislation Act 2003, the Therapeutic Goods Order No. 70C - Standards for Export Only Medicine regulation was due to sunset on 1 October 2024.
Proposal
The Department of Health and Aged Care remade the regulation without significant changes.
Assessed Impact Analysis outcome
Sunsetting instrument
Announcement date
9 October 2024
Link to announcement
https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r7250
Announcement date
9 October 2024
Link to announcement
https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r7255
Announcement date
9 February 2024
Link to announcement
Federal Register of Legislation - Vehicle Standard (Australian Design Rule 99/01 – Lane Departure Warning Systems) 2024
Announcement date
10 October 2024
Link to announcement
Historic reforms for a more competitive economy enter Parliament
Problem being addressed
While most mergers and acquisitions are unlikely to raise competition concerns, some can harm competition, allowing businesses to raise prices and not pass on economic gains to consumers. Australia’s merger control system plays a crucial gatekeeper role in preventing these mergers from harming consumers and the wider economy.
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 Since then, many parts of the Code have become outdated and no longer align with modern industry practices or technologies.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