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Published Impact Analyses

Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.

Insufficient Impact Analysis – Reducing tax concessions on superannuation balances exceeding $3 million
Aust Gov
Department of the Treasury
Impact Analysis (IA)

On 28 February 2023, the Treasurer, The Hon Dr Jim Chalmers MP, and the Assistant Treasurer, The Hon Stephen Jones MP, announced that the Australian Government will reduce the tax concessions available to individuals whose total superannuation balances exceed $3 million at the end of the financial year, commencing on 1 July 2025. 

The policy intends to ensure superannuation tax breaks are better targeted and sustainable.

As this policy will likely have major impacts on affected individuals and superannuation funds, an Impact Analysis (IA) was required to be prepared but was not completed. Therefore, as per the Australian Government Guide to Policy Impact Analysis, the Office of Impact Analysis considers the measure is insufficient to meet the Government’s Impact Analysis requirements. 

Remaking of the Protected Symbols Determination 2013
Aust Gov
Australian Communications and Media Authority
Sunsetting Instruments and Guidelines

Announcement date
24 February 2023 

Link to announcement 
https://www.legislation.gov.au/Details/F2023L00148

Proposal
The Protected Symbols Determination has been remade without significant amendment (now the Communications Legislation (Protected Symbols) Determination 2023). In remaking the Protected Symbols Determination the only  amendment is to remove the A-Tick and C-Tick marks as protected symbols. In 2013, the A-Tick and C-Tick were consolidated into a single compliance mark – the Regulatory Compliance Mark (RCM). After a 3-year transition period that concluded in February 2016, suppliers have only been permitted to use the RCM for newly supplied equipment in Australia since that time.

Managing the risks of respirable crystalline silica at work
Commonwealth-State
Safe Work Australia
Impact Analysis (IA)

Announcement date
28 Feb 2023

Link to announcement 
https://www.dewr.gov.au/work-health-and-safety/resources/work-health-and-safety-ministers-meeting-28-february-2023#:~:text=Ministers%20agreed%20that%20joint%20deliberate,already%20impacted%20and%20their%20families.

Critical Infrastructure Risk Management Program 
Aust Gov
Department of Home Affairs
Impact Analysis (IA)

Announcement date
21 February 2023
 
Link to announcement
https://minister.homeaffairs.gov.au/ClareONeil/Pages/world-leading-protection-australias-critical-infrastructure.aspx
 
Problem being addressed

Changes to the Workplace Gender Equality Act 2012 and Associated Instruments
Aust Gov
Department of the Prime Minister and Cabinet
Impact Analysis (IA)

Announcement date

8 February 2023

Link to announcement 
Albanese Government Delivers Legislation To Help Close The Gender Pay Gap | Ministers Media Centre (pmc.gov.au)

Problem being addressed
The Review of the Workplace Gender Equality Act 2012 (released March 2022) concluded that the gender pay gap in Australia was not closing at a fast enough rate. Work to progress women’s economic equality in Australia has been fragmented, leading to slow progress on closing the gender pay gap, which according to the Workplace Gender Equality Agency's latest data, has stalled at 22.8 per cent in 2021 and 2022. Estimates indicate, at the current rate of progress, it would take approximately 26 years to close the full-time gender pay gap.

Future Directions of the Consumer Data Right 
Aust Gov
Department of the Treasury
Certified Independent Review

Announcement date
14 December 2021
 

Link to announcement
https://treasury.gov.au/publication/p2021-225462

Background
The Consumer Data Right (CDR) provides consumers with greater access to their personal information, giving them the ability to instruct businesses to provide safe and secure access of their data to accredited third parties. The Inquiry into the Future Directions for the Consumer Data Right examined how the CDR could be expanded in functionality and leveraged with other initiatives in the digital economy.

Sunsetting Therapeutic Goods Order No. 90 Standard for human albumin (18/10/2011) and Therapeutic Goods (Exempting monographs of pharmacopoeias) Determination No. 1 of 2011
Aust Gov
Department of Health and Aged Care
Sunsetting Instruments and Guidelines

Announcement dates
25 and 31 March 2022
 
Links to announcement
https://www.legislation.gov.au/Details/F2022L00400
https://www.legislation.gov.au/Details/F2022C00361

Problem being addressed
The Therapeutic Goods Order No. 90 Standard for human albumin (18/10/2011) and Therapeutic Goods (Exempting monographs of pharmacopoeias) Determination No. 1 of 2011 were due to sunset on 1 April 2022.

Proposal
The Department of Health certified that Therapeutic Goods Order No. 90 Standard for human albumin (18/10/2011) (“TGO 90”) and Therapeutic Goods (Exempting monographs of pharmacopoeias) Determination No. 1 of 2011 (‘the Determination”) were working efficiently and effectively.

7CPA post implementation review
Aust Gov
Department of Health and Aged Care
Post Implementation Review (PIR)

Announcement date
12 June 2020

Link to announcement
More essential support for Australian patients through community pharmacy | Health Portfolio Ministers and Aged Care

Problem being addressed

Competition in Clearing and Settlement in Cash Equities
Aust Gov
Department of the Treasury
Certified Independent Review

Announcement date
14 December 2022

Link to announcement
Modernising Australi...~https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/media-releases/modernising-australias-financial-system

Updating the ASIC Derivative Transaction Rules (Reporting) 2013 
Aust Gov
Australian Securities and Investments Commission
Certified Independent Review

Announcement date
20 December 2022

Link to Announcement

Derivative transaction reporting | ASIC

Problem being addressed
There are three main problems being addressed: