Aust Gov

16 June 2016

Review of the Radiofrequency Spectrum Management Framework

Independent Review – Department of Communications and the Arts

On 25 August 2015, the Government announced its response to the Spectrum Review, agreeing to:

replace the current legislative arrangements with new legislation that removes prescriptive process and streamlines licensing, for a simpler and more flexible framework;
better integrate the management of public sector and broadcasting spectrum to improve […]

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9 June 2016

Enhanced Register of Financial Advisers

Regulation Impact Statement – Department of the Treasury

On 16 February 2015 the Government registered the Corporations Amendment (Register of Relevant Providers) Regulation 2015. The regulation establishes a public register of all people providing personal advice on more complex financial products to retail clients.

The Government announced it would establish a register of financial advisers on 17 […]

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3 June 2016

Review of the Terrorism Insurance Scheme

Independent Review – Department of the Treasury

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 […]

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1 June 2016

Registered Organisations

Final Regulation Impact Statement – Department of Employment

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 […]

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1 June 2016

Combating multinational tax avoidance

Regulation Impact Statement – Department of the Treasury

On 16 September 2015, the then Treasurer introduced legislation to reduce the opportunities and incentives for multinational tax avoidance. The legislation allows the Commissioner of Taxation to ignore, for the purposes of determining taxable Australian income, artificial or contrived structures used by multinationals to avoid having a taxable […]

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1 June 2016

Remedial power for the Commissioner of Taxation

Regulation Impact Statement – Department of the Treasury

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 […]

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1 June 2016

Temporary Work (Skilled) Migration (Subclass 457) Programme Legislative amendments

Post Implementation Review – Department of Immigration and Border Protection

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:

an […]

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31 May 2016

Removal of impediments to margining

Regulation Impact Statement – Department of the Treasury

On 16 March 2016, the Government introduced the Financial System Legislation Amendment (Resilience and Collateral Protection) Bill 2016. The bill amends the Payment Systems and Netting Act 1998 to enable financial institutions in Australia to comply with internationally-agreed margining requirements when dealing in over-the-counter derivatives. The bill also […]

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27 May 2016

Australia’s Post-2020 Emissions Reduction Target

Independent Review – Department of the Prime Minister and Cabinet

On 11 August 2015, the Government announced that Australia’s post-2020 emissions reduction target is a 26-28 per cent reduction below 2005 levels by 2030.

The Government intends to achieve the target through the Emissions Reduction Fund, supported by a range of other policies including the National Energy […]

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27 May 2016

Authorised Conduct - amending Division 16 of Part XIB and Part XIC of the Competition and Consumer Act 2010

Regulation Impact Statement – Department of Communications and the Arts

On 2 December 2015 the Government introduced the Telecommunications Legislation Amendment (Access Regime and NBN Companies) Bill 2015. One element of the bill considers changes to authorisations to NBN Co. to engage in three specific forms of conduct for competition law purposes:

restricting interconnection to the NBN […]

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