Published Impact Analyses

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.

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:

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.

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.

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

Announcement date
13 October 2022

Link to announcement
https://minister.infrastructure.gov.au/c-king/media-release/cleaner-emissions-standards-trucks-and-buses 

Problem being addressed
Noxious emissions from road vehicles are a major source of air pollution, causing illnesses and premature deaths. While Australia has standards in place to limit these emissions, key vehicle markets in Europe, North America and Asia have introduced more stringent standards. As Australia accounts for less than one per cent of global heavy vehicle sales, it risks having reduced access to the latest vehicle technologies developed for these markets if it doesn’t adopt these more stringent standards for emissions.

Announcement date
23/09/2022
 

Link to announcement
https://www.legislation.gov.au/Details/F2022L01252
 

Problem being addressed
Legislation set to sunset and be remade.

Department/Agency
The Department of Infrastructure, Transport, Regional Development, Communications and the Arts.

Topic
Communications

Type
Australian Government Framework

Announcement date
8 September 2022
 

Link to announcement
Primary frequency response incentive arrangements | AEMC
 

Problem being addressed
Frequency varies whenever electricity supply does not exactly match consumer demand and uncontrolled changes in frequency can cause blackouts. Primary frequency response (PFR) is an essential system service that helps to control system frequency close to 50Hz. It is delivered through an automatic change in the generation or consumption of electricity from a generator or load in response to changes in system frequency.

Announcement date
27 September 2022

Link to announcement https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6916