Announcement date
18 March 2024
Link to announcement
ASIC issues new legislative instrument for exchange traded funds | ASIC
Problem being addressed
Under the Legislation Act 2003, Class Order [CO 13/721] was due to sunset on 1 April 2024. CO 13/721 provides relief to facilitate exchange traded funds (ETFs) that are quoted on the ASX AQUA Market or Cboe where the ETF is passively managed and tracks an index.
Proposal
Published Impact Analyses
Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Aust Gov
Australian Securities and Investments Commission
Sunsetting Instruments and Guidelines
Commonwealth-State
Department of Infrastructure, Transport, Regional Development and Communications
Impact Analysis (IA)
Announcement date
20 March 2024
Aust Gov
Impact Analysis (IA)
Announcement date
30 November 2023
Link to announcement
Extraterritorial airspace | Civil Aviation Safety Authority (casa.gov.au)
Aust Gov
Department of the Treasury
Post Implementation Review (PIR)
On 11 January 2024, The Department of the Treasury fulfilled its post-implementation review (PIR) requirements with regard to Strengthening regulatory protection for franchise automotive dealerships.
The PIR requirements were triggered when the Prime Minister granted an exemption from the Impact Analysis (IA) (formerly Regulation Impact Analysis) requirements due to urgent and unforeseen events requiring a decision before an adequate regulatory impact assessment could be undertaken. The measures exempted were:
Aust Gov
Australian Communications and Media Authority
Impact Analysis (IA)
Announcement date
7 February 2024
Link to announcement
https://www.acma.gov.au/articles/2024-02/new-protections-telco-customers-experiencing-hardship
Problem being addressed
Aust Gov
Australian Fisheries Management Authority
Sunsetting Instruments and Guidelines
Announcement date
16 January 2024
Link to announcement
Federal Register of Legislation - Fisheries Management (Multiple Fishery Closures) Direction 2024
Problem being addressed
The Multiple Fishery (Closures) Direction No. 1 2014 is scheduled to sunset on 30 April 2024. The Direction is designed to prohibit concession holders in the Western Tuna and Billfish Fishery (WTBF) and Western Skipjack Fishery (WSF) from engaging in fishing activities in waters beyond the Provisional Fisheries Surveillance and Enforcement Line (PFSEL) and the 1997 Perth Treaty Exclusive Economic Zone (EEZ) boundary. Without the Direction, fishing in these areas of waters is not prohibited.
Proposal
Aust Gov
Department of the Treasury
Impact Analysis (IA)
Announcement date
12 January 2024
Link to announcement
New climate reporting reforms for a stronger financial system
Problem being addressed
Climate change is having an impact on the financial prospects of companies, for better and for worse. It is increasingly recognised that companies need to manage and disclose those risks. This is becoming a mainstream part of corporate governance and strategy. To do this effectively, the financial impacts of climate change need to be identified and disclosed to the market.
Aust Gov
Sport Integrity Australia
Impact Analysis (IA)
Announcement date
8 January 2024
Link to announcement
Aust Gov
Department of Health and Aged Care
Impact Analysis (IA)
Announcement date
15/12/23
Link to announcement
Aust Gov
Department of Climate Change, Energy, the Environment and Water
Impact Analysis (IA)
Announcement date
21 December 2023