Published impact analyses

Australian Securities and Investments Commission

The Australian Securities and Investments Commission (ASIC) remade seven Class Orders as one instrument, the ASIC Corporations (Serviced Apartment and Like Schemes) Instrument 2016/869, without significant amendments, on 19 September 2016.

Class Order 99/463, Class Order 02/185, Class Order 02/245, Class Order 02/303, Class Order 02/304, Class Order 02/305 and Class Order 07/189 collectively provide conditional relief to the serviced strata and management rights scheme operators, from complying with the managed investments and associated provisions contained within the Corporations Act 2001 (Corporations Act).

Remaking of sunsetting instrument without significant amendments – Department of Communications and the Arts

The Do Not Call Register Regulations 2006 are being remade without significant amendment. The regulations are made under the Legislative Instruments Act 2003 and are scheduled to sunset on 1 April 2017.

The Do Not Call Register is a secure database where individuals and some organisations can register, check or remove their Australian telephone number to opt out of receiving most unsolicited telemarketing calls.

The Department of Communications and the Arts has certified that the instrument in consultation with affected stakeholders is operating effectively and efficiently. In accordance with the Government’s best practice regulation requirements where a Department has certified that an instrument is operating effectively and efficiently a Regulation Impact Statement is not required for the instrument to be remade.

Australian Securities and Investments Commission

Australian Securities and Investments Commission

Australian Securities and Investments Commission

Regulation Impact Statement for consultation – Department of Agriculture and Water Resources

On 22 August 2016 the Deputy Prime Minister and Minister for Agriculture and Water Resources announced the commencement of a public consultation process on proposed reforms to the regulation of imported food. A Regulation Impact Statement (RIS) has been prepared by the Department of Agriculture and Water Resources for consultation. The RIS was subject to an early assessment by the Office of Best Practice Regulation. The preferred option in the RIS would include changes to primary (and consequential subordinate) legislation to: mandate evidence of supply chain assurance for certain foods; broaden emergency powers; increase powers to monitor for new and emerging risks; recognise a foreign country’s food safety regulatory system; and harmonise the Imported Food Control Act 1992 with domestic food legislation where applicable – including requiring traceability.

Regulation Impact Statement – Department of the Treasury

On 31 August 2016, the Government introduced the Customs Tariff Amendment (Tobacco) Bill 2016 and the Excise Tariff Amendment (Tobacco) Bill 2016. The bills increase the rate of excise-equivalent customs duty on tobacco and tobacco products through a series of four annual increases of 12.5 per cent, commencing on 1 September 2017. A Regulation Impact Statement (RIS) was prepared and certified by the Treasury, and was assessed as compliant and consistent with best practice by the Office of Best Practice Regulation (OBPR). The RIS estimates the regulatory cost at $300,000 a year. The OBPR has agreed to the increase in regulatory cost.

Regulation Impact Statement – Department of the Treasury

On 16 September 2015, the Government introduced legislation to increase the level of independence in governance of superannuation funds by requiring superannuation trustee boards to have at least one-third independent directors and an independent chair. A Regulation Impact Statement (RIS) prepared by the Department of the Treasury has been assessed as compliant and consistent with best practice by the Office of Best Practice Regulation. The RIS estimates the proposal will increase regulatory burden by $13.15 million per annum. The OBPR agreed to the estimate of regulatory burden and offsets.

Remaking of sunsetting instrument without amendments – Department of Industry, Innovation and Science

The Department of Industry, Innovation and Science is scheduled to remake the Competition and Consumer (Industry Codes – Oilcode) Regulation 2016 without significant amendments. The review recommended that:

Post–implementation Review – The Treasury