Published Impact Analyses

COAG Decision Regulation Impact Statement – Meeting of Environment Ministers

Post-implementation Review – Treasury

Post-implementation Review – Treasury

On 16 December 2010 the then Government announced its initial response to the Super System Review. A Regulation Impact Statement (RIS) was required at the time the response was announced, but was exempted from the best practice regulation requirements by the then Prime Minister. As such, a post-implementation review (PIR) was required. The PIR examined the requirement for licensees of registrable superannuation entities to maintain a website that provides, free of charge, systematic transparency about each fund and each fund’s management. The PIR was completed by the Treasury in consultation with its Ministerial Advisory Council and was assessed as compliant by the Office of Best Practice Regulation (OBPR). The PIR also found the proposal imposed an annual regulatory burden of $5.984 million. Regulatory costings were agreed with the OBPR.

Regulation Impact Statement – Department of Infrastructure and Regional Development

Regulation Impact Statement – Department of Social Services

Post–implementation Review – Department of Health

In April 2010 the then Prime Minister announced a decision to require all tobacco products to be sold in plain packaging. The regulation also standardised the appearance of the tobacco products themselves. A Regulation Impact Statement (RIS) was required but not finalised before the decision. Consequently, under the Government’s best practice regulation process a Post‑implementation Review (PIR) was required. The measure was fully implemented from 1 December 2012. A PIR was completed by the Department of Health in February 2016 and was assessed as compliant by the Office of Best Practice Regulation (OBPR). Regulatory costings have been agreed with the OBPR. The Department of Health subsequently provided an addendum, dated 19 May 2016, to the analysis contained in Appendix A to the PIR.

Australian Securities and Investments Commission

The Australian Securities and Investments Commission (ASIC) remade the ASIC class order [CO 02/314]: Employee redundancy funds: relief without significant amendments on 9 December 2015. The Class Order was remade for an interim period of 24 months (to expire on 1 October 2018) to provide sufficient time for Government to consider the findings from the Final Report of the Royal Commission into Trade Union Governance and Corruption. Class Order 02/314 exempts employee redundancy funds and operators of these funds from complying with the managed investments and associated provisions contained within the Corporations Act 2001, including the requirements to:

Regulation Impact Statement – Department of Employment

As reported on this website on 18 September 2015, the Australian Government’s new employment services model, jobactive, commenced on 1 July 2015. A Regulation Impact Statement (RIS) was prepared and certified by the Department of Employment and regulatory cost burden estimates have been prepared. The Department estimates that the new model is likely to reduce regulatory costs by $62.1 million a year compared to the previous arrangements. This estimate has been agreed by the Office of Best Practice Regulation (OBPR). The OBPR’s final assessment is that the Department of Employment is compliant with the Government’s RIS requirements and the RIS is consistent with best practice.

Regulation Impact Statement – Department of Education and Training

Regulation Impact Statement – Australian Tax Office