Published Impact Analyses

Consultation Regulation Impact Statement - Australia and New Zealand Ministerial Forum on Food Regulation

On 11 July 2018 the Food Regulation Standards Committee (FRSC) released a Consultation Regulation Impact Statement (RIS) on behalf of the Australia and New Zealand Ministerial Forum on Food Regulation. The RIS explores regulatory and non-regulatory options for labelling of sugars on packaged foods and drinks for sale in Australia and New Zealand, with the aim of ensuring food labels provide adequate contextual information about sugars to enable consumers to make informed choices in support of the dietary guidelines.

Consultation Regulation Impact Statement - Australia and New Zealand Ministerial Forum on Food Regulation

During 3 May to 14 June 2018 the Food Regulation Standards Committee (FRSC) on behalf of the Australia and New Zealand Ministerial Forum on Food Regulation (the Forum) undertook targeted consultation on proposed regulatory and non-regulatory options for pregnancy warning labels on packaged alcoholic beverages. Stakeholders consulted included industry, public health and consumer organisations.

The primary objective of the options being considered is to provide a clear and easy to understand trigger to remind pregnant women, at both the point of sale and the potential point of consumption, to not drink alcohol.  

Regulation Impact Statement – Department of Home Affairs

On 28 June 2018, the Government introduced the Modern Slavery Bill 2018 to establish a Modern Slavery Reporting Requirement (reporting requirement) for certain businesses and other entities in Australia.

The reporting requirement will require certain businesses and other entities with more than $100 million consolidated revenue to publish annual statements detailing their actions to address modern slavery in their operations and supply chains. The reporting requirement will apply to Australian entities and foreign entities carrying on a business in Australia.

A Regulation Impact Statement (RIS) was prepared by the Department of Home Affairs and was assessed as compliant and consistent with best practice by the Office of Best Practice Regulation (OBPR).

Independent Review – Department of the Treasury

On 28 March 2018 the Government introduced the National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018 to establish a mandatory comprehensive credit reporting (CCR) regime to apply from 1 July 2018.

Under the mandatory regime, large authorised deposit-taking institutions (ADIs) must provide comprehensive credit information on consumer credit accounts to credit reporting bodies. There is provision to extend the regime to other credit providers in the future.

Consultation Regulation Impact Statement – COAG Energy Council

On 29 June 2018, the COAG Energy Council released a Consultation Regulation Impact statement (RIS) to explore possible options for addressing climate and energy policy issues in the National Electricity Market.

The RIS examines options including the status quo, a National Energy Guarantee and an Physically Backed Contracts option. The RIS responds to issues around maintaining energy reliability, lowering emissions in line with international policy commitments and improving affordability.

Consultation Regulation Impact Statement – National Transport Commission

On 15 May 2018, the National Transport Commission (NTC) released the Safety Assurance for Automated Driving Systems Regulation Impact Statement (RIS) for consultation. The RIS outlines key risks that may arise when automated vehicles become available including:

1. Automated driving systems (ADS) fail to deliver reasonable safety outcomes.

2. A lack of consumer confidence in the safety of ADSs reduces or delay their uptake.

3. ADS responsible entities face inconsistent and/or uncertain regulatory barriers to the supply of ADSs in the Australian market.

Regulation Impact Statement – Department of Infrastructure, Regional Development and Cities

On 5 June 2018, the Minister for Urban Infrastructure and Cities announced new measures to mandate Electronic Stability Control (ESC) for heavy vehicle trailers from July 2019 and for selected heavy trucks and buses from November 2020. Heavy vehicle rollover and loss of control crashes account for 22 per cent of all heavy vehicle injury crashes in Australia between 2008 and 2010.

Remaking of Sunsetting Instrument Without Significant Amendments – Australian Competition and Consumer Commission

On 23 May 2018 the Australian Competition and Consumer Commission remade the above instruments without significant amendments.  These Instruments were scheduled to sunset on 1 October 2018.

The Digital Radio Multiplex Transmitter Licences (Decision-Making Criteria) Determination 2018 is designed to promote transparency in decision-making by setting out the criteria that the ACCC must apply in deciding whether to accept an access undertaking or a variation of an access undertaking given to it in relation to a digital radio multiplex transmitter licence. The Digital Radio Multiplex Transmitter Licences Procedural Rules 2018 are designed to promote the expeditious and efficient exercise of the ACCC’s functions and powers under Division 4B of Part 3.3 of the Radiocommunications Act 1992.

COAG Consultation Regulation Impact Statement – Legislative and Governance Forum on Consumer Affairs

On 2 May 2018, the Australian Government Department of the Treasury released a Consultation Regulation Impact Statement (RIS) to explore possible options to regulate the expiry period of retail gift cards and vouchers.

The RIS examines options including, the status quo, a prohibition on expiry periods and a mandated minimum three year expiry period with information disclosure requirements. The proposal responds to the issue of loss of value on a gift card which expires unexpectedly or otherwise before it can be used. As the majority of gift cards are bought by someone other than the end user, the recipient may not be adequately informed of the terms and conditions of the card.

Remaking of Sunsetting Instrument Without Significant Amendments - Australian Prudential Regulation Authority

On 21 March 2018 the Australian Prudential Regulation Authority (APRA) remade 34 reporting standards under the Financial Sector (Collection of Data) Act 2001 (FSCODA) without significant amendments. Thirty-three standards apply to authorised deposit-taking institutions and one applies to entities registered under FSCODA known as registered financial corporations. The standards were due to sunset either on 1 April 2018 or 1 October 2018.

The reporting standards collect data for APRA’s supervisory purposes and for statistical purposes, including provision to the Reserve Bank of Australia and the Australian Bureau of Statistics to assist in performing their functions, including producing publicly available reports.