13 August 2014
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 [...]
Continue reading Australian Government Guide to Regulation – Guidance Notes
6 August 2014
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 [...]
Continue reading Streamlining Disclosure and Liability Requirements– Details-stage Regulation Impact Statement – The Treasury
1 August 2014
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 [...]
Continue reading Radiotelecommunications regulations – remaking of sunsetting instruments without amendments
29 July 2014
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 [...]
Continue reading Best practice consultation guidance note
25 July 2014
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 [...]
Continue reading Biosecurity Legislation – Regulation Impact Statement – Department of Agriculture
17 July 2014
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:
Continue reading Superannuation Entities Accounting Standard – Regulation Impact Statement – Australian Accounting Standards Board
15 July 2014
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 – [...]
Continue reading Correction of webpost – Revocation of the Commonwealth Cleaning Services Guidelines and the Fair Work Principles
10 July 2014
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 [...]
Continue reading Repeal of the Energy Efficiency Opportunities Program – Regulation Impact Statement – Department of Industry
10 July 2014
On 26 June 2014, the Minister for Employment made an instrument to revoke the Commonwealth Cleaning Service Guidelines (‘the Guidelines’). The Minister previously revoked the Fair Work Principles (‘the Principles’) as part of the Autumn 2013 Repeal Day; the revocation takes effect from the commencement of the Public Governance, Performance and Accountability Act 2013 on [...]
Continue reading Revocation of the Commonwealth Cleaning Services Guidelines and the Fair Work Principles – Regulation Impact Statement – Department of Employment
4 July 2014
On 23 May 2014 the National Manager of the Therapeutic Goods Administration (as delegate to the Minister for Health) made the Therapeutic Goods Order 69D, changing the requirements for the advisory statements that must be made on non-prescription medicine labels.
The labels of non-prescription medicines should provide self-medicating consumers with sufficient information to choose the medicines [...]
Continue reading Changes to Required Advisory Statements for Medicine Labels – Regulation Impact Statement – Therapeutic Goods Administration