Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
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
Announcement date
16 September 2022
Link to announcement