Published Impact Analyses

Announcement date
28 March 2022

Link to announcement

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-068mr-asic-remakes-sunsetting-class-order-on-when-debentures-can-be-called-secured-notes/

Announcement date
25 March 2022

Link to announcement
Decision Regulation Impact Statements | ABCB

Problem being addressed
Class 9 building users are more vulnerable than the general population in the event of a bushfire. Vulnerable people can be defined as individuals who may be unable to take care of themselves or are unable to protect themselves against harm. Class 9 buildings include hospitals, aged care buildings and schools. Over time, the risk of bushfire occurring is increasing due to climate change. Population growth also means that more communities are living in bushfire-prone areas.

Announcement date
10/03/2022

Link to announcement
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-045mr-asic-amends-market-integrity-rules-and-other-asic-made-rule-books/

Problem being addressed
The Australian Securities and Investments Commission (ASIC) conducted a review of market integrity rules for market operators and market participants to ensure technological and operational resilience of their critical systems. 

Proposal
ASIC has introduced new market integrity rules aimed at promoting the technological and operational resilience of securities and futures market operators and participants.  

Assessed RIS outcome

Announcement date
15 March 2022

Link to announcement 
https://www.infrastructure.gov.au/infrastructure-transport-vehicles/transport-accessibility/reform-transport-standards/stage-2-reforms

Problem being addressed

People with disability face challenges when using public transport such as a lack of access to physical infrastructure, difficulty in accessing information that is suitable to their needs, and challenges with safely navigating a successful public transport journey. Where a person with disability is not afforded equitable access, service or safety in relation to other passengers, this can result in discrimination. 

Announcement date
10 February 2022

Link to announcement
https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/patent-box-legislation-introduced-parliament-support
 

Announcement date
8 March 2022
 

Link to announcement
https://www.apra.gov.au/news-and-publications/apra-releases-updated-prudential-standard-to-enhance-management-of
 

Announcement date
3 March 2022

Link to announcement
https://www.legislation.gov.au/Details/F2022L00238

Problem being addressed
Tax Agent Services Regulation 2009 is due to sunset on 1 April 2022.

Proposal
Ms Katrina Di Marco, Acting Deputy Secretary, Revenue Group, the Department of the Treasury, has certified that the Tax Agent Services Regulations 2009 were operating efficiently and effectively. This certification was informed by a public consultation process. Accordingly, the regulations have been remade without significant amendment.

Assessed RIS outcome
Certification letter

Regulatory burden
Nil

Announcement date
4/03/2022

Link to announcement
https://www.minister.industry.gov.au/ministers/taylor/media-releases/emissions-reduction-fund-contracts

Announcement date
8/12/2021
 

Link to announcement
https://www.legislation.gov.au/Details/F2021L01762
 

Problem being addressed
The National Health (Concession card or entitlement card fee) Determination 2012 (PB 102 of 2011) (Determination) will sunset on 1 April 2022.
 

Proposal
The Department of Health has certified that the National Health (Concession card or entitlement card fee) Determination 2012 is working efficiently and effectively, and should be remade without significant amendment.
 

Assessed RIS outcome
Sunsetting instrument

Department/Agency
Australian Energy Market Commission

Type
Ministerial Forum / Standard Setting Body

Announcement date
3 March 2022

Link to announcement
https://www.aemc.gov.au/rule-changes/enhancing-operational-resilience-relation-indistinct-events