On 24 March, the Government introduced legislation to level the playing field for the automotive repair sector, increasing competition and consumer choice. It does this by establishing a mandatory scheme for the sharing of motor vehicle service and repair information.
Consistent with the Government’s Regulation Impact Statement (RIS) requirements, the Treasury has certified the Market Study by the Australian Competition and Consumer Commission (ACCC) as meeting the requirements of a RIS. The Office of Best Practice Regulation (OBPR) does not assess the quality of independent reviews and RIS-like documents used in lieu of a RIS, but does assess whether the options analysed in the independent review are relevant to the regulatory proposal. The OBPR assessed that the options analysed in the independent review are sufficiently relevant to the regulatory proposal.
The agency estimates the average annual regulatory cost at $1.059 million.
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