Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
On 26 May 2016, the Reserve Bank of Australia’s Payments Systems Board announced several changes applying to regulation of debit and credit cards. The changes are intended to strengthen the operation of existing regulations that:
On 25 August 2015, the Government announced its response to the Spectrum Review, agreeing to:
On 15 December 2015, the Treasury released the latest statutory review on Australia’s terrorism insurance scheme. The scheme provides terrorism reinsurance, generally for commercial property, associated business interruption and public liability classes of insurance. Consistent with best practice requirements, the Treasury certified the review has undertaken a process and analysis equivalent to a RIS. The review estimates the regulatory cost at about $5,200 per annum and identifies offsets. Under the Government’s best practice regulation requirements, the Office of Best Practice Regulation (OBPR) does not assess independent reviews. Regulatory costs and offset estimates have been agreed with the OBPR.
On 18 April 2016, the Australian Government re-tabled legislation changing the regulation of registered organisations. It was previously tabled on 19 March 2015. Registered organisations are those employer and employee associations that are registered under the Fair Work (Registered Organisations) Act 2009 (RO Act) to allow them to represent the interests of their members in certain workplace matters. Under the RO Act, registered organisations must comply with detailed regulations in relation to registration, rules, financial reporting, elections, conduct of officers and other matters. The main changes in the legislation are:
On 21 January 2012 the then Government announced plans to tackle problem gambling. The measures included:
On 17 March 2016, the Treasurer introduced legislation to provide the Commissioner of Taxation with a power to remedy the tax law to apply as intended in more circumstances. 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 creation of the remedial power will not change the current regulatory burden. The OBPR agreed to this estimate.
In 2013, the Australian Government implemented several changes to the Temporary Work (Skilled) Migration (Subclass 457) Programme. In July 2013 the Government introduced measures to tighten foreign temporary skilled work visa obligations through changes to the Migration Amendment (Temporary Sponsored Visas) Act 2013. The changes included: