Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Announcement date
10 October 2023
Link to announcement
ASIC remakes financial reporting legislative instrument | ASIC
Problem being addressed
Set to sunset
Proposal
ASIC has certified that ASIC Class Order [CO 13/1050], which is scheduled to sunset on 1 October 2023, is operating efficiently and effectively. This certification was informed by a consultation process with affected parties. the instrument is being remade without changes.
Announcement date
22 September 2023
Link to announcement
ASIC Derivative Trade Repository Rules 2023
Problem being addressed
ASIC Derivative Trade Repository Rules 2013 were scheduled to sunset on 1 October 2023.
Proposal
Remake the ASIC Derivative Trade Repository Rules 2013 under 903A(1) of the Corporations Act 2001 (the Act) in substantially the same form to continue the operation of the existing requirements for a further ten-year period.
In addition, we are proposing
Announcement date
6 September 2023
Link to announcement
Airports Regulations 2023 and Airports (Ownership) Regulations 2023
Problem being addressed
The Airports Regulations 1997 and Airports (Ownership-Interests in Shares) Regulations 1996 sunset on 1 April 2024, so will be automatically repealed if no government action is taken to replace them by that date. If they are allowed to sunset, the Commonwealth regulation of activities and industry participants for 22 leased federal airports in Australia would be disrupted, creating uncertainty and potential safety, environmental and other impacts.
Announcement date
28 September 2023
Link to announcement
Media release
Problem being addressed
These instruments relate to takeovers, compulsory acquisitions and relevant interests under Chapters 6, 6A and 6C of the Corporations Act 2001. The relief contained in them has been in place for over 20 years in predecessor instruments and provides technical relief and clarifications to:
Announcement date
11 September 2023
Link to announcement
National Health Security (SSBA Standards) Determination 2023 (legislation.gov.au)
Problem being addressed
The current National Health Security (SSBA Standards) Determination 2013 will sunset on 1 October 2023.
Proposal
Proposal is to remake the instrument without amendment.
Assessed Impact Analysis outcome
Sunsetting instruments
Announcement date
16 September 2023
Link to announcement
Shipping Reform (Tax Incentives) Regulations 2023 (legislation.gov.au)
Problem being addressed
Two sunsetting legislative instruments: the Shipping Reform (Tax Incentives) Regulation 2012 (the Regulation); and the Shipping Reform (Tax Incentives) Act 2012 –Subsection 10(5) specification of kinds of vessels (the Instrument) are due to sunset on 1 October 2023.
Announcement date
13/09/2023
Link to announcement
Public Health (Tobacco and Other Products) Bill 2023
Problem being addressed
This Impact Analysis (IA) examines measures to support the National Tobacco Strategy 2023-2030 (NTS) and National Preventive Health Strategy 2021-2030 (NPHS), which include the following targets in respect to tobacco control:
Announcement date
5 September 2023
Link to announcement
Register of Legislation
Announcement date
13 September 2023
Link to announcement
Legislation to ban credit cards for online gambling
Problem being addressed
The use of credit cards in online gambling platforms and services is causing significant harm to businesses and individuals.
Proposal
Announcement date
6 September 2023
Link to announcement
Water Amendment (Restoring Our Rivers) Bill 2023 – Parliament of Australia (aph.gov.au)