Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
On 9 February 2015, the Australian Securities and Investments Commission (ASIC) amended the ASIC Derivative Transaction Rules (Reporting) 2013 (Rules). The amendments reduce compliance costs for reporting entities while ensuring that regulators continue to obtain comprehensive and complete derivative trade data. Key amendments include:
On 5 October 2015, Consumer Affairs Australia and New Zealand on behalf of Consumer Affairs Ministers released a COAG Regulation Impact Statement (RIS) for consultation canvassing options for a consumer information standard for eggs labelled ‘free range’. The COAG RIS for consultation has been approved by the OBPR. The consultation period closes on 2 November 2015.
On 21 August 2015, the Council on Federal Financial Relations (CFFR) announced that the threshold for Goods and Services Tax (GST) on imported goods would drop from $1,000 to zero from 1 July 2017. In making this decision the CFFR did not comply with the Council of Australian Governments’ best practice regulation requirements to prepare a Regulation Impact Statement.
On 4 July 2015, the Australian Government released the Agricultural Competitiveness White Paper setting out actions for the agricultural sector in five priority areas including strengthening the approach to drought and risk management. Among the initiatives to assist Australian farmers prepare for and manage through drought and other hardship were the following agriculture measures providing: