Published Impact Analyses

Announcement date
14 May 2024

Link to announcement 
https://ministers.pmc.gov.au/gallagher/2024/budget-works-women

Problem being addressed
The Midwife Professional Indemnity Scheme (MPIS) currently indemnifies midwives for antenatal and postnatal care, but not homebirth and intrapartum care outside hospital. Owing to community demand, the Commonwealth sought to find a lasting market-based solution through a recent approach to market for insurers to offer cover for these services, but the tender was unsuccessful.

Announcement date
24 June 2024

Link to announcement 
Government response to the Independent Review of the Food and Grocery Code of Conduct 

Problem being addressed
The voluntary Food and Grocery Code of Conduct (the Code) appears at Schedule 1 to the Competition and Consumer (Industry Codes—Food and Grocery) Regulation 2015. The Code was implemented in 2015 to address the imbalance in bargaining power between Australian supermarket retailers and their smaller suppliers. It was developed in response to concerns and complaints about the conduct of supermarkets towards their suppliers.

Announcement date
15 June 2024

Link to announcement 
Helping Australians get a better deal on banking products

Problem being addressed
The ACCC’s retail deposits inquiry identified that many deposit holders have not received increasing returns in line with rising interest rates because of low levels of customer engagement. Moreover, the market has developed products that feature requirements which customers often do not fulfil.

Announcement date
21 June 2024

Announcement date
12 March 2024

Link to announcement 
 NGR amending rule and NERR amending rule

Problem being addressed
On 20 August 2021, Energy Ministers agreed that the national gas regulatory framework should be amended to bring biomethane, hydrogen blends and other renewable methane gas blends within its scope. 

Announcement date
The Food Standards Australia New Zealand (FSANZ) Board approved Proposal P1028 – Infant Formula on 4  June 2024 and on 25 July 2024 at the Food Ministers’ Meeting, Ministers agreed to not seek a review. 

The revised regulation for infant formula products came into effect on 13 September 2024 and applies in Australia only. New Zealand has opted out of this Standard under Annex D of The Agreement between the Government of Australia and the Government of New Zealand Concerning a Joint Food Standards System.

Link to announcement 
The announcement can be found on the FSANZ web page for Proposal P1028, alongside the Approval Report and Supporting Documents.

Announcement date
05/06/2024

Link to announcement 
 https://www.trademinister.gov.au/minister/don-farrell/media-release/visit-singapore 

Problem being addressed
IPEF’s Fair Economy Agreement seeks to promote a fair economy in the Indo-Pacific by bolstering regional efforts to address corruption and improve tax administration. The problem being explored in the IA centres around corruption, how it undermines democratic institutions, contributes to government instability, and how it constrains economic growth by deterring outbound and inbound investment.

Announcement date
 3 June 2024

Link to announcement 
New pharmacy agreement delivers cheaper medicines | Health Portfolio Ministers | Australian Government Department of Health and Aged Care

Problem being addressed
The Impact Analysis (IA) has been prepared to support Government consideration of a new Community Pharmacy Agreement (CPA) relating to payments for the supply of subsidised Pharmaceutical Benefits Scheme (PBS) medicines to Australians, and related matters.

Announcement date

11 June 2024

Link to announcement

Record $300 million support package for Basin communities | Ministers (dcceew.gov.au)

Problem being addressed

The Water Act 2007 (Cth) was passed in 2007 to provide for the integrated management of Murray-Darling Basin water resources in the national interest.

Announcement date
5 June 2024 

Link to announcement 
Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 

Problem being addressed