Aust Gov

13 August 2014

Environmental valuation guidance note

The Office of Best Practice Regulation (OBPR) has published a range of guidance material associated with the Australian Government Guide to Regulation.

This guidance note provides advice on incorporating environmental impacts and uncertainty into regulatory impact analysis. It should be read in conjunction with the Guide to Regulation and the Council of Australian Governments best practice [...]

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13 August 2014

Regulatory Burden Measurement framework guidance note

The Office of Best Practice Regulation (OBPR) has published a range of guidance material associated with the Australian Government Guide to Regulation.

All regulatory costs, whether arising from new regulations or changes to existing regulation, must be quantified using the Regulatory Burden Measurement framework. The framework must also be used for quantifying offsetting regulatory savings, where [...]

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13 August 2014

Australian Government Guide to Regulation – Guidance Notes

The Office of Best Practice Regulation has today published a range of guidance material associated with the Australian Government Guide to Regulation. The purpose of these guidance notes are to assist policy makers on particular aspects of preparing a Regulation Impact Statement (RIS) or Post-implementation review.

These documents will be updated from time to time as [...]

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6 August 2014

Streamlining Disclosure and Liability Requirements– Details-stage Regulation Impact Statement – The Treasury

On 15 May 2014 legislation was introduced into Parliament to reduce disclosure requirements and company Directors’ risk in relation to the issuance of simple retail corporate bonds.

Previously, the Corporations Act required a corporation to prepare a full prospectus for the offer of corporate bonds to retail investors. Additionally, a Director had liability for any misstatement [...]

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1 August 2014

Radiotelecommunications regulations – remaking of sunsetting instruments without amendments

The Australian Communications and Media Authority (ACMA) have decided to remake two sunsetting legislative instruments without significant amendments: the Radiocommunications (Compliance Labelling – Electromagnetic Radiation) Notice 2003 and the Radiocommunications (Electromagnetic Radiation – Human Exposure) Standard 2003.

In line with the Australian Government best practice regulation requirements for sunsetting legislative instruments, the ACMA has assessed the [...]

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29 July 2014

Best practice consultation guidance note

The Office of Best Practice Regulation (OBPR) has published a range of guidance material associated with the Australian Government Guide to Regulation.

This guidance note provides additional detail on the application of the whole-of-government consultation principles outlined in the Guide to Regulation, as well as the role of OBPR in encouraging best practice consultation processes.

Australian Government [...]

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25 July 2014

Biosecurity Legislation - Regulation Impact Statement – Department of Agriculture

On 7 July 2014, the Government announced plans to progress the Biosecurity Bill 2014 to replace the Quarantine Act 1908.

The proposed biosecurity legislation is designed to reduce unnecessary red tape and provide a more flexible risk based approach to compliance.

The reforms will lead to better outcomes for business and Australia’s biosecurity risk management. The legislation [...]

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17 July 2014

Superannuation Entities Accounting Standard – Regulation Impact Statement – Australian Accounting Standards Board

On 6 June 2014, the Australian Accounting Standards Board (AASB) announced a replacement accounting standard for superannuation entities.

The existing standard was considered out of date because of significant changes in Australia’s superannuation industry over the last two decades and the adoption in Australia of International Financial Reporting Standards.

Key changes in the replacement standard were to:

measure [...]

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15 July 2014

Correction of webpost - Revocation of the Commonwealth Cleaning Services Guidelines and the Fair Work Principles

Coverage of the OBPR’s webpost of 10 July 2014 has highlighted an error in the OBPR’s summary of the RIS. In particular, the summary incorrectly stated that “Individual employees undertaking cleaning work under a contract subject to the Guidelines – there were 25 to 30 contracts extant at the time the Guidelines were revoked – [...]

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10 July 2014

Repeal of the Energy Efficiency Opportunities Program – Regulation Impact Statement – Department of Industry

On 15 May 2014, the Minister for Industry and the Parliamentary Secretary to the Prime Minister announced the repeal of the Energy Efficiency Opportunities (EEO) program.

The original EEO program required all entities with energy use of greater than 0.5 petajoules (PJ) per year to: audit their energy use; identify opportunities to increase energy efficiency; and [...]

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