Remaking of Sunsetting Instrument without Significant Amendments – Department of the Treasury
On 26 November 2020, the Governor-General remade, with only minor amendments, the A New Tax System (Australian Business Number) Regulations 1999, which were due to sunset on 1 April 2021. The newly made A New Tax System (Australian Business Number) Regulations 2020 (the Regulations) will come into effect on 1 April 2021, and are scheduled to sunset on 1 April 2031.
The Regulations support the function of the Australian Business Registry (ABR). The Regulations set out the details to be entered on the ABR, the fee for access to the ABR, and details to be included in copies of the ABR.
Consistent with the Government’s Regulation Impact Statement (RIS) requirements for sunsetting instruments, the Department of the Treasury has, after consultation with stakeholders, assessed the instrument as operating effectively and efficiently. Therefore, a RIS is not required for remaking this instrument.