Published Impact Analyses

Remaking of Sunsetting Instrument Without Significant Amendments – Australian Securities and Investment Commission

On 18 September 2018 the Australian Securities and Investment Commission (ASIC) remade the above instrument without significant amendments. This instrument was scheduled to sunset on 1 October 2018.

Employee redundancy funds are established to accept contributions from employers in the construction and allied industries, on behalf of employees. Contributions represent prospective redundancy benefits payable to employees upon termination or cessation of their employment, generally for any reason other than misconduct.

ASIC considers employee redundancy funds are likely to meet the definition of a managed investment scheme and a financial product under the Corporations Act 2001 (the Corporations Act), and operators of employee redundancy funds are likely to be subject to the requirements to:

Regulation Impact Statement – Department of the Treasury

In the 2018-19 Budget, the Government announced that it would extend the $20,000 instant asset write-off for a further 12 months to 30 June 2019 for businesses with aggregated annual turnover less than $10 million. Enabling legislation, the Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018, was introduced to Parliament on 24 May 2018. 

The measure aims to boost for a further year small business activity and investment, through providing cash flow benefits and a reduction of red tape.

Independent Review - Department of the Treasury

On 20 September 2018, the Government introduced the Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 and the Excise Tariff Amendment (Collecting Tobacco Duties at Manufacture) Bill 2018 to provide measures to combat the negative economic and social impact of the black economy.

COAG Decision Regulation Impact Statement – Food Regulation Standing Committee 

On 11 October 2018, the Australia and New Zealand Ministerial Forum on Food Regulation (the Forum) agreed, based on the evidence, a mandatory labelling standard for pregnancy warning labels on packaged alcoholic beverages should be developed and should include a pictogram and relevant warning statement. The Forum requested Food Standards Australia New Zealand develop this mandatory labelling standard as a priority.  

Regulation Impact Statement – Department of Home Affairs

On 2 August 2018, the Government made the Migration Amendment (Offshore Resources Activity) Regulations 2018. The amendments will reduce costs for businesses operating in Australia’s offshore resources sector by allowing certain Maritime Crew Visa (MCV) holders working on petroleum export tankers to participate in, or support, an offshore resources activity in Australia’s migration zone.

More specifically, the amendments ensure that MCV holders on offtake tankers participating in, or supporting an offshore resources activity remain compliant with the migration legislative framework by:

Remaking of sunsetting instrument without significant amendments – Therapeutic Goods Administration

On 1 October 2018, the Therapeutic Goods Administration (TGA) remade the Therapeutic Goods Order No. 77 – Microbiological Standards for Medicines, which were due to sunset on 1 October 2018, as the Therapeutic Goods Order No. 98 – Microbiological Standards for Medicines 2018 (TGO 98), with only minor amendments.

TGO 98 specifies the minimum microbiological requirements that a medicine must comply with throughout its shelf life.

Consistent with government best practice regulation requirements for sunsetting instruments, the TGA, after consultation, assessed the order as operating effectively and efficiently. Therefore, a Regulation Impact Statement was not required for the remaking this instrument without significant amendments.

Regulation Impact Statement – Department of Education and Training

On 4 September 2017, the Minister for Education and Training, under subsection 33(1) of the Education Services for Overseas Students Act 2000 (ESOS Act), made the National Code of Practice for Providers of Education and Training to Overseas Students 2018

The National Code sets nationally consistent standards and procedures for registered providers and for persons who deliver education services on behalf of registered providers. Key changes made in the 2018 revision to the Code seek to better support students by:

Independent Review – Department of Health

As part of the 2018-19 Budget, the Australian Government announced the More Choices for a Longer Life Package. The Package contains 42 measures to support Australians to be better prepared to live a healthy, independent, connected and safe life. 

Twelve measures in the Package will be implemented by the Department of Health (the Department) in response to the Legislated Review of Aged Care 2017 (the Tune Review) and the Review of National Aged Care Quality Regulatory Processes (the Carnell-Paterson Review). The Tune and Carnell-Paterson reviews have been certified by the Department as meeting the requirements of a regulation impact statement (RIS). The OBPR does not assess independent reviews.

COAG Consultation Regulation Impact Statement – Council of Australian Governments

The Department of Water and Environmental Regulation (DWER) of the Government of Western Australia has released for public consultation a Regulation Impact Statement (RIS) examining permanent exemption from mutual recognition arrangements for the WA Container Deposit Scheme (CDS). The RIS has been prepared in accordance with Council of Australian Governments (COAG) requirements.

COAG Consultation Regulation Impact Statement – Transport and Infrastructure Council

On 24 July 2018, the Transport and Infrastructure Council of the Council of Australian Governments (COAG) released a Consultation Regulation Impact Statement (RIS) to explore the costs and benefits of options for the implementation of independent price regulation of heavy vehicle charges.

The Transport and Infrastructure Council agreed in May 2015 to a Heavy Vehicle Road Reform program that included in-principle agreement to implement a forward-looking cost base for road expenditure and independent price regulation. The RIS examines two options to progress the implementation of this commitment: