29 August 2011
On 18 July 2011 Food Standards Australia New Zealand (FSANZ) announced the release of a proposal to extend country of origin labelling to unpackaged beef, sheep and chicken meat. The proposed standard will require retailers to display point-of-sale labels showing the country of origin of the main unpackaged meat categories not already subject to labelling [...]
Continue reading Unpackaged Meat Products Country of Origin Labelling Standard – COAG Consultation Regulation Impact Statement – Food Standards Australia New Zealand
26 August 2011
The Consultation Regulation Impact Statement (RIS) examines competition issues associated with the co-ownership of electricity generation and transmission assets. The Consultation RIS examines the adequacy of current legislative protections, and outlines several options to address future co-ownership of generation and transmission assets.
The Consultation RIS has been assessed as adequate by the Office of Best Practice [...]
Continue reading Separation of Generation and Transmission – COAG Consultation Regulation Impact Statement – Ministerial Council on Energy
15 August 2011
On 22 March 2011, the Minister for Innovation, Industry, Science and Research, Senator Kim Carr and the Minister for Trade, Craig Emerson released a joint media release announcing that the Australian Government would introduce legislation regarding the export of patented medicines from Australia to countries experiencing a serious epidemic.
The legislation enables the Australian Federal Court in [...]
Continue reading Export of Patented Pharmaceuticals to Countries Experiencing a Health Crisis – Regulation Impact Statement – IP Australia
10 August 2011
The Consultation Regulation Impact Statement (RIS) examines whether to introduce a revised Minimum Energy Performance Standards (MEPS) for electricity distribution transformers to improve existing levels of energy efficiency and performance. The proposed revised standard would apply to oil-immersed and dry type electricity distribution transformers with power ratings from 10 kVA to 3150 kVA intended to be [...]
Continue reading Electricity Distribution Transformers – COAG Consultation Regulation Impact Statement – Ministerial Council on Energy
10 August 2011
The Consultation Regulation Impact Statement (RIS) examines whether to introduce mandatory disclosure of building energy, greenhouse and water performance at the point of sale or lease for residential properties. It contains information about the energy, greenhouse and water performance of residential buildings and discusses possible options and impacts.
The Consultation RIS has been assessed as adequate [...]
Continue reading Mandatory Disclosure of Residential Building Energy, Greenhouse and Water Performance – COAG Consultation Regulation Impact Statement – Ministerial Council on Energy
8 August 2011
On 28 April 2011 the Assistant Treasurer announced a number of reforms following on from the Future of Financial Advice announcement in April 2010. The reforms include: banning all trailing commissions on risk insurance inside superannuation; a requirement for financial advisers to get clients to ‘opt-in’ every two years; a broad ban on volume-based payments from [...]
Continue reading Non-compliance with best practice regulation requirements – Future of Financial Advice 2011 – Treasury
1 August 2011
On 7 July 2011, the Australian Accounting Standards Board issued Australian Accounting Standard AASB 2011-4 Amendments to Australian Accounting Standards to Remove Individual Key Management Personnel Disclosure Requirements. This Standard makes amendments to Australian Accounting Standard AASB 124 Related Party Disclosures, including removing individual key management personnel disclosure requirements.
Among the Board’s reasons for removing the disclosure [...]
Continue reading Removal of Individual Key Management Personnel Disclosure Requirements Regulation Impact Statement – Australian Accounting Standards Board
1 August 2011
On 5 July 2011, Regulation Impact Statements were tabled in Parliament regarding a suite of measures related to the regulation of activity in the Antarctic region. The measures include liability arising from environmental emergencies, landing persons from passenger vessels, and insurance and contingency planning for tourism and non-government activities.
The measures were adopted unanimously by Parties [...]
Continue reading Various measures affecting the Antarctic Treaty Area Regulation Impact Statements – Department of Sustainability, Environment, Water Population and Communities
1 August 2011
On 6 July 2011, the Minister for Agriculture, Fisheries and Forestry announced that the Government has issued revised export control orders to open trade in live cattle to Indonesia. A new framework for live export has also been developed in partnership with industry and with advice from the Australian Veterinary Association. This framework will only [...]
Continue reading Non-compliance with best practice regulation requirements – Revised export control orders to re-open the way for trade in live feeder cattle to Indonesia – Department of Agriculture, Fisheries and Forestry