Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Announcement date
6 September 2022
Link to announcement
https://www.aph.gov.au/Parliamentary_Business/Committees/Joint/Treaties/JISDR
Problem being addressed
A strong and effective WTO is essential for Australia’s national interest and future prosperity but the WTO faces significant challenges. Multilateral rule-making and reform have largely stalled, leading some critics to argue that the organisation is unable to address current trade challenges in the modern geo-political landscape.
Announcement date
8 November 2022
Announcement
Fuel Security (Minimum Stockholding Obligation) Rules 2022 (legislation.gov.au)
Announcement date
18 November 2022
Link to announcement
Reducing admin and manager costs for aged care at home | Health and Aged Care Portfolio Ministers
Problem being addressed
Announcement date
17 November 2022
Link to announcement
https://www.aemc.gov.au/rule-changes/amending-administered-price-cap
Independent Review – Australian Prudential Regulation Authority
On 27 September 2022, the Australian Prudential Regulation Authority (APRA) announced that it had finalised the capital framework for private health insurers.
The new framework is designed to enhance policyholder protection by ensuring that private health insurers maintain an appropriate level of financial resilience. The new prudential standards better reflect the risks faced by insurers, improve comparability across insurers and align with international best practice. The new standards also align with the introduction of new accounting standards for insurance AASB 17 Insurance Contracts. The framework takes effect from 1 July 2023.
Announcement date
26 October 2022
Link to announcement
https://ministers.treasury.gov.au/ministers/stephen-jones-2022/media-releases/landmark-funding-help-reduce-insurance-costs
On 28 October 2022 Energy Ministers agreed the Government will expand the functions and powers of AEMO under the National Gas Law to ensure it can address east coast gas system reliability and supply adequacy issues ahead of Winter 2023.
The expanded powers will ensure AEMO can:
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
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
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