Announcement date
27 October 2022
Link to announcement
https://www.aemc.gov.au/news-centre/media-releases/new-rule-increases-transparency-material-change-circumstances-provisions
Published Impact Analyses
Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Commonwealth-State
Australian Energy Market Commission
Impact Analysis (IA)
Aust Gov
Department of the Treasury
Impact Analysis (IA)
Announcement date
28 September 2022
Link to announcement
https://www.nhfic.gov.au/media-resources/media-releases/10-000-places-available-from-saturday-under-the-regional-first-home-buyer-guarantee/
Problem being addressed
Housing markets in regional Australia have become increasingly unaffordable for first home buyers. The impact of recent increases in house prices in regional Australia is not felt equally by all households. Higher house prices necessitate higher average loan amounts for regional first home buyers, and the increase in prices has increased the time it takes to save a deposit, thus creating a barrier to homeownership.
Proposal
Aust Gov
Department of Social Services
Impact Analysis (IA)
Announcement date
24 September 2022
Link to announcement
Empowering communities with the abolition of the cashless debit card program | Department of Social Services Ministers (dss.gov.au)
Problem being addressed
Aust Gov
Department of Employment and Workplace Relations
Impact Analysis (IA)
Announcement date
27 October 2022
Link to announcement
https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6941
Problem being addressed
Real wage stagnation and the decline in enterprise bargaining.
Proposal
The Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill seeks to implement enterprise bargaining outcomes from the Australian Jobs and Skills Summit by amending the Fair Work Act (2009) in five areas;
Aust Gov
Department of Social Services
Impact Analysis (IA)
Announcement dates
25 October 2022
Link to announcements
Budget October 2022-23 - Boosting Parental Leave to Enhance Economic Security, Support and Flexibility for Australia’s Families (servicesaustralia.gov.au)
Link to announcement (19 October 2023)
Delivering a historic expansion of Paid Parental Leave | Department of Social Services Ministers (dss.gov.au)
Aust Gov
Department of Industry, Science and Resources
Impact Analysis (IA)
Announcement date
25 October 2022
Link to announcement
Improving energy security, reliability and affordability - Minister for Resources and Northern Australia
Problem being addressed
The Australian Government established the Australian Domestic Gas Security Mechanism (ADGSM) in July 2017 as a ‘backstop’ to manage exports in case of a domestic shortfall. The ADGSM provides the Minister of Resources (the Minister) with the ability to control LNG exports on the basis of insufficient domestic supply.
Aust Gov
Department of the Treasury
Certified Independent Review
Announcement date
8 September 2022
Link to announcement
Hayne Royal Commissi...~https://ministers.treasury.gov.au/ministers/stephen-jones-2022/media-releases/hayne-royal-commission-recommendations-advanced
Problem being addressed
The 2016 Review of Small Amount Credit Contract (SACC) Laws made a number of recommendations aimed at increasing financial inclusion and consumer protections for SACCs and consumer lease consumers. In particular:
Aust Gov
Australian Securities and Investments Commission
Sunsetting Instruments and Guidelines
Announcement date
05 September 2022
Link to announcement
ASIC’s Binary Options product intervention order extende until 1 October 2031.
Problem being addressed
ASIC Corporations (Product Intervention Order – Binary Options) Instrument 2021/240 was scheduled to sunset on 7 October 2022.
Aust Gov
Australian Securities and Investments Commission
Sunsetting Instruments and Guidelines
On September 9, the Australian Securities and Investments Commission (ASIC) announced the remake of ASIC Class Order [CO 12/752] Financial Requirements for Issuers of Retail OTC without significant amendments.
Aust Gov
Department of Infrastructure, Transport, Regional Development, Communications and the Arts
Impact Analysis (IA)
Announcement date
13 September 2022
Link to announcement
https://www.legislation.gov.au/Details/F2022L01200
Proposal
The proposal seeks to remake the Broadcasting Services ("The Broadcasting Service" Definition - Exclusion) Determination 2019. This excludes live online streaming from the broadcast regulatory framework (e.g. online television simulcasts, online radio stations, and live streaming functions on social media platforms).
Assessed RIS outcome
Adequate