Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
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.
Announcement date
31 March 2022
Link to announcement
AEMC publishes draft rule on incorporating distribution connected facilities in Victorian gas market | AEMC
Announcement Date
February 2022
Link to announcement
Problem being addressed
Announcement date
2 April 2022
Link to announcement
https://www.trademinister.gov.au/minister/dan-tehan/media-release/historic-trade-deal-india
Problem being addressed
Reduction of trade barriers with India present an opportunity for Australia to diversify its trading relationships, simplify trading processes and make the Australian economy more competitive.
Proposal
The Regulation Impact Statement analyses the costs and benefits of Australia signing an Economic Cooperation and Trade Agreement with India, and compares these to the status quo of no bilateral agreement.
Assessed RIS outcome
Adequate
Announcement date
1 April 2022
Link to announcement
Rule change to protect agriculture and regional communities - Joint media release with the Minister for Agriculture and Northern Australia the Hon David Littleproud MP
Problem being addressed
There is concern that the Emissions Reduction Fund (ERF) unintentionally incentivises reduced output on agricultural land in favour of native forest regeneration projects. In these circumstances, there is a risk that high concentrations of native forest regeneration projects could reduce agricultural productivity and create negative flow-on impacts in local communities.
Proposal
Announcement date
29 March 2022
Link to announcement:
https://www.legislation.gov.au/Details/F2022L00440
Problem:
Five instruments made under the Telecommunications (Consumer Protection and Service Standards) Act 1999 that govern the provision of payphones were due to sunset on 1 April 2022 under the Legislation Act 2003. Payphones are still used by many in the community, especially among vulnerable groups, and in the event of natural disasters. Accordingly, the rules have ongoing utility.
Proposal:
Announcement date
12 January 2022
Link to announcement
https://www.legislation.gov.au/Series/F2018L00448