Published Impact Analyses

Department/Agency
Australian Energy Market Commission

Topic
Energy

Type
Ministerial Forum / Standard Setting Body

Announcement date
2/12/2021

Regulation Impact Statement – Department of Home Affairs

On 25 November 2021, the Minister for Immigration, Citizenship, Migrant Services and Multicultural Aff​airs and the Minister for Education and Youth announced Visa changes to support the reopening of Australia.

Department/Agency
Department of Industry, Science, Energy and Resources

Topic
Industry

Announcement date
2/12/2021

Announcement
https://www.legislation.gov.au/Details/F2021L01708

COAG Consultation Regulation Impact Statement – Ministers responsible for Consumer Affairs

On 14 December 2021, the Treasury on behalf of Consumer Senior Officials released a Regulation Impact Statement (RIS) for consultation on options to ensure businesses comply with the consumer guarantees and consumers can access the remedies to which they are entitled, and options to prohibit manufacturers from failing to indemnify suppliers.

Independent Review – Australian Competition and Consumer Commission

On 9 December 2021, the Australian Competition and Consumer Commission (ACCC) announced it had made a decision to extend the existing declaration for the wholesale ADSL (WADSL) service.

Problem being addressed

A 2007 kava import ban in Australia has had a negative impact on bi-lateral relations with Pacific Island countries and the Pacific Island diaspora in Australia.

RIS decision

Standard RIS required

Proposal

The RIS examines the costs and benefits of undertaking a two-year trial to permit commercial importation of kava into Australia.

Prime Minister’s Exemption – Attorney-General’s Department

On 28 November 2021, the Prime Minister announced the Government will introduce legislation to force global social media giants to unmask anonymous online trolls and better protect Australians online.

The proposed measures will address the harm of defamatory comments made in Australia by individuals on social media platforms and address the legal implications of the High Court’s decision in Fairfax Media Publications v Voller [2021] HCA 27. The measures aim to:

Independent Review – Australian Prudential Regulation Authority

On 29 November 2021, the Australian Prudential Regulation Authority (APRA) announced new prudential standards for ADI capital adequacy and credit risk requirements; APS 110, APS 112 and APS 113.  

Department/Agency
Department of the Treasury
 

Type
Ministerial Forum / Standard Setting Body
 

Announcement date
1/12/2021
 

Link to announcement
https://treasury.gov.au/consultation/c2021-223344
 

Problem being addressed
Businesses have indicated to the Australian Government during various consultation processes that complex layers of regulation and a product safety framework that is slow to respond to changing international consumer markets can contribute to unnecessary costs and confusion about their obligations when supplying goods regulated under the Australian Consumer Law (ACL).

Independent Review – Department of the Treasury

On 12 November, the Government announced the energy sector consumer data right (Energy CDR) rules.

The proposed CDR rules provide an effective means of facilitating access to energy data under the CDR in circumstances where energy data is held by both the Australian Energy Market Operator (AEMO) and by energy retailers.