Published Impact Analyses

Announcement date
The Food Standards Australia New Zealand (FSANZ) Board approved Proposal P1028 – Infant Formula on 4  June 2024 and on 25 July 2024 at the Food Ministers’ Meeting, Ministers agreed to not seek a review. 

The revised regulation for infant formula products came into effect on 13 September 2024 and applies in Australia only. New Zealand has opted out of this Standard under Annex D of The Agreement between the Government of Australia and the Government of New Zealand Concerning a Joint Food Standards System.

Link to announcement 
The announcement can be found on the FSANZ web page for Proposal P1028, alongside the Approval Report and Supporting Documents.

Announcement date
05/06/2024

Link to announcement 
 https://www.trademinister.gov.au/minister/don-farrell/media-release/visit-singapore 

Problem being addressed
IPEF’s Fair Economy Agreement seeks to promote a fair economy in the Indo-Pacific by bolstering regional efforts to address corruption and improve tax administration. The problem being explored in the IA centres around corruption, how it undermines democratic institutions, contributes to government instability, and how it constrains economic growth by deterring outbound and inbound investment.

Announcement date
 3 June 2024

Link to announcement 
New pharmacy agreement delivers cheaper medicines | Health Portfolio Ministers | Australian Government Department of Health and Aged Care

Problem being addressed
The Impact Analysis (IA) has been prepared to support Government consideration of a new Community Pharmacy Agreement (CPA) relating to payments for the supply of subsidised Pharmaceutical Benefits Scheme (PBS) medicines to Australians, and related matters.

Announcement date

11 June 2024

Link to announcement

Record $300 million support package for Basin communities | Ministers (dcceew.gov.au)

Problem being addressed

The Water Act 2007 (Cth) was passed in 2007 to provide for the integrated management of Murray-Darling Basin water resources in the national interest.

Announcement date
5 June 2024 

Link to announcement 
Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 

Problem being addressed

Announcement date
11 May 2023

Link to announcement 
Next steps in ensuring the integrity and sustainability of the international education sector | Ministers' Media Centre 

Problem being addressed

Announcement date
10/05/2024

Link to announcement 

https://minister.dcceew.gov.au/bowen/media-releases/joint-media-release-reliable-renewables-plan-boosting-energy-supply-victoria-and-tasmania 

Problem being addressed

Announcement date
14 May 2024

Link to announcements
Australian Skills Guarantee - Department of Employment and Workplace Relations, Australian Government (dewr.gov.au)
Budget Paper No.2

Problem being addressed
Australia is experiencing persistent and critical skills shortages in the construction and information technology sectors with gender segregation contributing to the shortages. 

Proposal

Announcement date
14 May 2024

Link to announcement
Budget Paper No.2

Announcement date
14 May 2024 

Link to announcement 
Budget Paper No. 2 | Budget 2024–25

Problem being addressed
Sport Integrity Australia's responsibilities include being Australia’s National Anti-Doping Organisation, providing a comprehensive anti-doping program for the Australian sport community and administering the National Integrity Framework which is a set of policies all members of sports need to follow when it comes to their behaviour and conduct in sport. Despite threats to sport becoming more sophisticated, over 50% of the Sport Integrity Australia's funding is tied to terminating measures ceasing on 30 June 2024. Without integrity underpinning participation, the benefits that sport delivers to the Australian community are at risk of being lost.