Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
On 1 October 2017, the above legislative instrument was scheduled to sunset. However the Department of Employment has decided to remake the instrument as the Safety, Rehabilitation and Compensation (Specified Diseases and Employment) Instrument 2017, with minor amendments.
On 16 November 2017, the Australian Government Department of the Treasury released a Consultation Regulation Impact Statement (RIS) on behalf of the Council of Australian Governments (COAG) Legislative and Governance Forum on Consumer Affairs. The RIS explores possible options to reduce consumer detriment arising from ticket reselling for live performance and sporting events in Australia.
Although ticket reselling can provide a consumer benefit, a number of detriments can also occur. These include inflated prices, misleading information affecting informed choice, scams and fraud. Potential options canvassed in the Consultation RIS range from a consumer education campaign through to a national prohibition on ticket reselling.
On 21 November 2017, the Australian Government Department of the Treasury released a Consultation Regulation Impact Statement (RIS) on behalf of the Council of Australian Governments (COAG Legislative and Governance Forum on Consumer Affairs. The RIS explores possible options to improve outcomes and protections for consumers who pay paper billing fees.
On 1 October 2017, the above legislative instruments were scheduled to sunset. However the Department of Health has decided to remake and combine the instruments as the Health Insurance (Approved Billing Agents) Instrument 2017, without significant amendments.
The guidelines provide rules that the Health Insurance Commission must comply with when considering whether to approve a person or body as a billing agent. The determination sets out the conditions to which approval of a billing agent under section 20AB of the Health Insurance Act 1973 is subject.
On 19 October 2017 the Government introduced the Treasury Laws Amendment (Banking Measures No 1) Bill 2017 to Parliament.
The Bill amends the Banking Act 1959 to provide the Australian Prudential Regulation Authority (APRA) with the power to make rules that would apply to the provision of finance by lenders that are not Authorised deposit-taking institutions (non-ADI lenders). In the first instance, non-ADI lenders that meet appropriate criteria will need to register with APRA. APRA would also have the power to make other rules applying to non-ADI lenders to promote financial system stability should circumstances warrant.
On 1 October 2017, the above legislative instrument was scheduled to sunset. However the Department of Health has decided to remake the instrument without significant amendments.
The instrument provides the approved form of undertaking to be given by persons who wish to become approved pathology practitioners or approved pathology authorities under the Health Insurance Act 1973.
Consistent with Government best practice regulation requirements for sunsetting instruments, The Department of Health, after consultation, has assessed the instrument as operating effectively and efficiently. Therefore, a Regulation Impact Statement is not required for remaking this instruments without significant amendments.
The Minister for Infrastructure and Transport has made Regulations to strengthen airside security at Australia’s nine major airports. The regulations require screening on entry to and within security restricted areas (SRAs) applied randomly and unpredictably, identification checks to verify a person’s identity and authority to be in the SRA, and security awareness training for airport and airline workers who conduct regular duties within the SRA.
The regulations provide for the most flexible and effective arrangement to comply with international standards and reduce the risk of unlawful interference from insiders. The regulations will result in additional regulatory costs of $720,000 per annum.
On 15 June 2017 the Government introduced the Broadcasting Legislation Amendment (Broadcasting Reform) Bill 2017 to Parliament.
On 19 October 2017, the Government introduced the Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017 to establish a strengthened responsibility and accountability framework for the most senior and influential executives and directors in Authorised Deposit-taking Institutions (ADIs) and their subsidiaries – the Banking Executive Accountability Regime (BEAR).
Key features of BEAR:
ADIs are required to register their accountable persons – the senior executives and directors who influence the conduct and behaviours of staff – with the Australian Prudential Regulation Authority (APRA).
Accountability obligations, including standards of behaviour and conduct, are specified for accountable persons.
On 14 September 2017, the Government introduced the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2017, which among other things contains a proposal to require superannuation funds to hold annual members’ meetings (AMMs).
The proposal seeks to increase engagement of members with their superannuation funds and the accountability of fund trustees. Accordingly, the AMMs are intended to discuss the key aspects of the fund and provide members with a forum to ask questions about all areas of the fund’s performance and operations. The requirement gives trustees flexibility over how AMMs are conducted, including through holding virtual meetings.