Published Impact Analyses

COAG Consultation Regulation Impact Statement – Australian Energy Market Commission

On 24 October 2019, the Australian Energy Market Commission (AEMC) released a draft rule determination for the National Electricity Amendment (Improving Transparency and Extending Duration of MT PASA) Rule to improve transparency of the medium-term (MT) projected assessment of system adequacy (PASA) process, reduce asymmetry of generation availability information in the market, and extend the MT PASA duration to three years. The AEMC also released a corresponding Draft National Electricity Amendment (Improving Transparency and Extending Duration of MT PASA) Rule 2019 for consultation.

The draft rule will better contribute to the achievement of the National Electricity Objective (NEO) and is likely to provide further benefits including:

COAG Consultation Regulation Impact Statement - National Transport Commission

On 24 October 2019, the National Transport Commission released a Consultation Regulation Impact Statement (RIS), Barriers to the safe use of personal mobility devices. The RIS proposes and explores options for regulatory frameworks to be included in the Australia Road Rules (ARRs), to improve accessibility and safety on roads and paths for users of personal mobility devices (PMDs).  The options set out requirements for PMDs including motor type, braking, dimensions and weight.

The Office of Best Practice Regulation assessed the RIS as compliant in accordance with the Council of Australian Government Best Practice Regulation requirements.

Submissions are invited on the RIS by 13 December 2019.

Remaking sunsetting instrument without significant amendments – Australian Securities and Investments Commission

On 12 September 2019, the Australian Securities and Investments Commission (ASIC) remade Class Order [CO 09/552] Changing scheme constitutions as ASIC Corporations (Changing Scheme Constitutions) Instrument 2019/700. [CO 09/552] was due to sunset on 1 October 2019.

Independent Review – Australian Competition and Consumer Commission

On 10 October 2019, the Assistant Treasurer made a mandatory safety standard to apply to new and imported second-hand motorised quad bikes (also known as all-terrain vehicles or ATVs), the Consumer Goods (Quad Bikes) Safety Standard 2019.

COAG Consultation Regulation Impact Statement - Governance Forum on Consumer Affairs (CAF)

On 3 October 2019, the Department of Industry, Innovation and Science released a Council of Australian Government’s Regulation Impact Statement (RIS) for consultation on appropriate Country of Origin Labelling for Australian complementary medicines.

The RIS considers the tension between regulation of certain complementary medicines manufactured in Australia under one Australian Law and regulated by the Therapeutic Goods Administration; and under the Australian Consumer Law and eligibility requirements for access to the Australian Made, Australian Grown (AMAG) logo when making an origin claim.

Independent Review – Department of the Treasury

The Financial Services Royal Commission identified numerous instances where the conduct of members of the banking, superannuation and financial services industry caused considerable detriment to consumers, and that there are systemic roots to much of this conduct. Hence, the Commissioner recommended a broad suite of measures, including regulatory changes, aimed at improving the conduct of the industry and reducing harm to consumers.

On 19 August 2019, the Government released its Financial Services Royal Commission Implementation Roadmap. The Roadmap is one of the first elements of the response and provides timelines for implementing the Government response, giving clarity and certainty to consumers, industry and regulators.

COAG Consultation Regulation Impact Statement – Australian Energy Market Commission

On 26 September 2019, the Australian Energy Market Commission (AEMC) released the draft rule determination for the National Electricity Amendment (Reducing customers’ switching times) Rule and National Energy Retail Amendment (Reducing customers’ switching times) Rule (draft determination) to create market processes that provide faster customer transfer process time and increase transparency and certainty within the customer transfer process. The AEMC has also released the corresponding Draft National Electricity Amendment (Reducing customers’ switching times) Rule 2019 and National Energy Retail Amendment (Reducing customers’ switching times) Rule 2019 for consultation.

The draft rule provides a faster transfer process by:

COAG Consultation Regulation Impact Statement – National Transport Commission

On 27 June 2019, National Transport Commission released a Consultation Regulation Impact Statement (RIS), Developing Technology-Neutral Road Rules for Driver Distraction. The RIS proposes and explores technology-neutral regulatory options to address driver distraction and analyses their potential impacts. Consultation on the RIS closed on 4 September 2019.

The Office of Best Practice Regulation assessed the RIS as compliant in accordance with the Council of Australian Government Best Practice Regulation requirements.

Interactive Gambling Regulations 2001 – Department of Communications and the Arts

On 21 September 2019, the Department of Communications and the Arts remade the Interactive Gambling Regulations 2001 made under the Interactive Gambling Act 2001 under section 61BGA, without significant amendment.

Section 7A of the Interactive Gambling Act 2001 prohibits advertisments for interactive gambling.

The Interactive Gambling Regulations 2001 specifies types of advertisements that are not considered a designated interactive service advertisement, and therefore exempt from this restriction. 

On 12 September 2019, the Assistant Treasurer and Minister for Housing introduced the National Housing Finance and Investment Corporation Amendment Bill 2019 to Parliament. The Bill establishes the First Home Loan Deposit Scheme (FHLDS).

The FHLDS will provide a guarantee on eligible loans equal to the difference between the deposit (of at least 5 per cent) and 20 per cent of the property purchase price, with coverage broadly consistent with a parental guarantee. The FHLDS is intended to support up to 10,000 purchases of dwellings by first home buyers each year, and eligibility criteria incorporates income and regional dwelling price limits.

The RIS was prepared by the Department of Treasury. The RIS has been certified by the Department and assessed as compliant with RIS requirements by the Office of Best Practice Regulation.