Published impact analyses for decisions announced by the Australian Government, ministerial forums and national standard setting bodies.
On 1 July 2015, the Australian Government introduced the Commonwealth Indigenous Procurement Policy. The primary purpose of the policy is to stimulate Indigenous entrepreneurship and business development, providing Indigenous Australians with more opportunities to participate in the economy. The policy has three key components:
On 27 May 2015, the Government introduced legislation to amend the Renewable Energy Target (RET) to reduce the required amount of renewable source electricity (the annual legislated targets under the large-scale component of the RET scheme) for each year until 2030. The legislation also:
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.