Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Announcement date
14/06/2022
Link to Announcement
Links to Newly Remade Instruments
ASIC Corporations (In-use Notices for Employer-sponsored Superannuation and Superannuation Dashboards) Instrument 2022/496 - https://www.legislation.gov.au/Details/F2022L00762
Announcement date
30/06/2022
On 30 June 2022, the Australian Prudential Regulation Authority (APRA) released a Post-Implementation Review (PIR) for Basel III liquidity reforms, which has been assessed as adequate by the Office of Best Practice Regulation (OBPR).
Two core measures of the reforms - the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR), became effective from 2015 and 2018 respectively, with the objectives of:
Announcement date
3 March 2022
Link to announcement
https://www.legislation.gov.au/Details/F2022L00253
Problem being addressed
It is difficult for smaller wholesale broadband providers to roll out their networks due to the requirement that they structurally or functionally separate their wholesale and retail businesses once they have more than 2,000 customers. Under this threshold, providers are exempt from the separation requirements.
Proposal
Increasing the class exemption threshold from 2,000 to 12,000 for small broadband businesses.
Assessed RIS outcome
Adequate
Announcement date
1 April 2022
Link to announcement
Telecommunications Service Provider (Customer Identity Authentication) Determination 2022
Announcement date
26 May 2022
Link to announcement
Enhancing Information on Generator Availability in MT PASA
Problem being addressed
Post–implementation Review extension – Australian Prudential Regulation Authority (APRA)
The Basel III liquidity reforms were introduced in 2014, with the commencement of the revised Prudential Standard APS 210 Liquidity (APS 210). Two core measures of the reforms, the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR), became effective from 2015 and from 2018, respectively.
Announcement date
30/03/2022
Link to announcement
https://www.legislation.gov.au/Details/F2022L00421
Problem being addressed
Legislation set to sunset
Proposal
ASIC has certified that ASIC Class Order [CO 11/927] is operating efficiently and effectively. This certification was informed by a consultation process with affected parties. Accordingly, the regulations have been remade with only minor changes to reflect the updated names of the program and Government department.
Assessed RIS outcome
Certification Letter
Regulatory burden
Nil
Announcement date
6 April 2022
Link to announcement
ASIC’s CFD product intervention order extended for five years
Problem being addressed
ASIC Corporations (Product Intervention Order – Contracts for Difference) Instrument 2020/986 was scheduled to sunset on 23 May 2022.
Announcement date
25 February 2022
Link to announcement
https://www.legislation.gov.au/Details/F2022L00184
Problem being addressed
The Public Ancillary Fund Guidelines 2011 set out rules for public ancillary funds and their trustees if the funds are to be, or are to remain, endorsed as deductible gift recipients under the taxation law. A deductible gift recipient is an entity or fund that can receive tax deductible gifts. The guidelines were scheduled to sunset on 1 April 2022.