Published Impact Analyses

Announcement date
19/08/2022
 

Link to announcement
https://minister.agriculture.gov.au/watt/media-releases/australian-animal-welfare-standards-guidelines-for-poultry

On 21 May 2020, then Treasurer, the Hon Josh Frydenberg MP, announced the Australian Government would extend the ban on conflicted remuneration to listed investment companies and trusts, commencing 1 July 2020.
 
As this measure was likely to have major impacts on affected businesses and individuals, a Regulation Impact Statement (RIS) was required to be prepared, but was not completed and assessed by the Office of Best Practice Regulation (OBPR) prior to the final decision. Consequently, the OBPR assessed the RIS process for the proposal as insufficient with the Australian Government’s Regulatory Impact Analysis requirements. Accordingly, a post-implementation review was required to be completed within two years of its implementation.
 
The Treasury has completed the post implementation review for the Extending ban on conflicted remuneration for listed investment companies and trusts, which has been assessed as adequate by the OBPR.

Announcement date
18 August 2022

Link to Announcement
https://consultation.accc.gov.au/accc/infant-inclined-consultation-regulation-impact/

 Problem being addressed

Announcement date
5 August 2022

Link to announcement
https://www.legislation.gov.au/Details/F2022L01045

Problem being addressed

Legislation set to sunset and be remade.

Problem being addressed
The ability to access, transport and use explosives in a safe and secure manner is essential for fulfilling the unique operational requirements of the Commonwealth Government Agencies such as the Department of Defence (including visiting foreign government officials), the Department of Home Affairs, the Australian Federal Police, and contractors, acting on the behalf of Commonwealth agencies. These stakeholders use explosives for training, operations, research and development, and various other purposes.
The importance of explosives in achieving Commonwealth objectives creates the need for a consistent, legally entrenched, modernised explosives regulatory regime. This regime must meet the needs of the Commonwealth, as well as other impacted stakeholders, including individuals, the community, industry, and State and Territory governments.

Proposal

Independent Review – Australian Prudential Regulation Authority

On 5 August 2021, the Australian Prudential Regulation Authority (APRA) announced a final revised Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111).

The updates to the Prudential Standard on capital adequacy are designed to reinforce financial system resilience, promote simple and transparent capital issuance through removing the allowance for the use of special purpose vehicles (SPVs) in regulatory capital issuance, and clarify aspects of APS 111 to assist Authorised Deposit-Taking Institutions issue capital instruments.

Problem being addressed
The Regulation Impact Statement (RIS) identifies a number of inefficiencies in existing pricing arrangements for holders of radiocommunications apparatus licences, following recommendations from the Spectrum Pricing Review (SPR) made by the Department of Infrastructure, Transport, Regional Development and Communications. The SPR was endorsed by the then government in February 2018.
This RIS extends on the implementation of reforms under the 1st tranche of the Spectrum Pricing Review in June 2021. An independent review was certified in lieu of a RIS regarding the 1st tranche of the review.

Proposal

The RIS proposes that the preferred option is to update the pricing formula to better reflect current demand with the intention to smooth demand across spectrum locations and geographic locations.

Assessed RIS outcome
Good practice
 

Announcement date
12 July 2022
 
Link to announcement
New rules to fight SMS scams | ACMA

Announcement date
7 July 2022
 

Link to announcement
Material change in network infrastructure project costs | AEMC