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31 May 2011
On 24 March 2011, the Treasurer announced the introduction of legislation to Parliament dealing with the regulation of credit card providers, in the National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011. This implements the Fairer, Simpler Banking election commitment announced during the 2010 election. Under this proposal, credit card providers will [...] Continue reading Credit Card Reforms Regulation Impact Statement – Treasury 23 May 2011
On 10 May 2011, the Treasurer announced a reform designed to encourage private investment in infrastructure, as part of a suite of reforms targeted at strengthening Australia’s infrastructure framework. Under this proposal, losses generated by certain infrastructure projects will be exempt from the Continuity of Ownership Test and the Same Business Test. Any prior year [...] Continue reading Infrastructure Taxation Incentive proposal Regulation Impact Statement – Treasury 20 May 2011
On 6 May 2011, the Australia and New Zealand Food Regulation Ministerial Council (the Ministerial Council) approved a new policy guideline on the Regulation of Infant Formula Products. This guideline requires a pre-market assessment by Food Standards Australia New Zealand of all substances proposed for use in infant formula that do not have a history [...] Continue reading Regulation of Infant Formula Products – COAG Decision Regulation Impact Statement – Australia and New Zealand Food Regulation Ministerial Council 19 May 2011
On 10 May 2011, the Assistant Treasurer announced the establishment of the Australian Charities and Not-for-profits Commission (ACNC). This follows on from the consultation paper released in January 2011, as well as various reviews into the operation of the sector – including the report on Australia’s Future Tax System in 2009 and the Productivity Commission’s [...] Continue reading Establishment of the Australian Charities and Not-for-profits Commission Regulation Impact Statement –Treasury 17 May 2011
On 29 April 2011, the Australian Securities and Investments Commission (ASIC) announced the exchange market integrity rules. This follows the Australian Government’s announcement in March 2010 of its support for competition between exchange markets for trading in Australian Securities Exchange (ASX) listed products in Australia, and its in-principle support for granting an Australian market licence [...] 17 May 2011
On 2 March 2011 the Ginger Industry R&D Levy regulations were tabled in Parliament. The regulations introduce from 1 April 2011 a new statutory R&D levy on ginger payable to the Rural Industries Research and Development Corporation. The levy has been implemented under the Primary Industries (Excise) Levies Act 1999 and the Primary Industries Levies [...] Continue reading Ginger Industry Research and Development (R&D) Levy Regulation Impact Statement – Department of Agriculture, Fisheries and Forestry 13 May 2011
On 27 April 2011, the Australian Fisheries Management Authority (AFMA) announced changes to management arrangements for the Gillnet, Hook and Trap sector of the Southern and Eastern Scalefish and Shark Fishery, by way of a temporary order. These changes include closures of fishing areas and new monitoring arrangements. A regulation impact statement (assessed as adequate by [...] Continue reading Non-compliance with best practice regulation requirements – Australian Fisheries Management Authority 6 May 2011
The Minister for Defence and Minister for Resources, Energy, and Tourism jointly announced on 3 May 2011 the Government’s response to the Final Report of the Review of the Woomera Prohibited Area (WPA). The WPA is a Department of Defence test and evaluation area covering land subject to access demand from non-Defence users, particularly the resources sector. [...] |
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