April « 2012 « Best Practice Regulation Updates

18 April 2012

Performance Based Standards – COAG Decision Regulation Impact Statement – Standing Council on Transport and Infrastructure

On 7 March 2012, the National Transport Commission announced amendments to the heavy vehicle Performance Based Standards (PBS) scheme. This scheme allows specially designed heavy vehicles, that can carry extra cargo or passengers, to operate on parts of the public road system. The changes follow a review in July 2009 that concluded that industry participation [...]

Continue reading Performance Based Standards – COAG Decision Regulation Impact Statement – Standing Council on Transport and Infrastructure

17 April 2012

Summaries of Australian Government and COAG regulatory activity for 2011-12 and status of post-implementation reviews by portfolio

The Office of Best Practice Regulation (OBPR) monitors and reports publicly on compliance with both the Australian Government and Council of Australian Governments (COAG) best practice regulation requirements.

The OBPR has previously published a summary of regulatory activity in its annual Best Practice Regulation Report [] at the end of the financial year. Consistent with the Government’s [...]

Continue reading Summaries of Australian Government and COAG regulatory activity for 2011-12 and status of post-implementation reviews by portfolio

13 April 2012

Charitable fundraising regulation reform – COAG Consultation Regulation Impact Statement – Consumer Affairs Forum

On 12 February 2012, the then Parliamentary Secretary to the Treasurer, the Hon David Bradbury MP, released a COAG Consultation Regulation Impact Statement (RIS) on reforms of charitable fundraising regulation across Commonwealth, state and territory laws.

The Consultation RIS examines proposals for a new, nationally-consistent approach to the laws that govern charitable fundraising and seeks the [...]

Continue reading Charitable fundraising regulation reform – COAG Consultation Regulation Impact Statement – Consumer Affairs Forum

10 April 2012

Non-compliance with post-implementation review requirements –Tax Laws Amendment (2009 Budget Measure No.2) Bill 2009 – The Treasury

Consistent with the Government’s objective of improving transparency in relation to regulatory decisions, the Office of Best Practice Regulation monitors and reports on compliance with the best practice regulation requirements. This includes reporting on post-implementation review compliance.

Post-implementation reviews are required either because a significant regulatory decision was made without an adequate Regulation Impact Statement (RIS), [...]

Continue reading Non-compliance with post-implementation review requirements –Tax Laws Amendment (2009 Budget Measure No.2) Bill 2009 – The Treasury

10 April 2012

Non-compliance with post-implementation review requirements –Tax Laws Amendment (2009 Budget Measure No.1) Bill 2009 – The Treasury

Post-implementation reviews are required either because a significant regulatory decision was made without an adequate Regulation Impact Statement (RIS), [...]

Continue reading Non-compliance with post-implementation review requirements –Tax Laws Amendment (2009 Budget Measure No.1) Bill 2009 – The Treasury

10 April 2012

Non-compliance with best practice regulation requirements – Cancellation and Suspension of a Remittance Dealer’s Registration – AUSTRAC

On 27 October 2011, the Chief Executive Officer (CEO) of the Australian Transaction Reports and Analysis Centre (AUSTRAC) made Rules under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) to specify the matters the AUSTRAC CEO must take into account to cancel or suspend the registration of a registered alternative remittance dealer.

The AML/CTF [...]

Continue reading Non-compliance with best practice regulation requirements – Cancellation and Suspension of a Remittance Dealer’s Registration – AUSTRAC

5 April 2012

Release of Productivity Commission Report into Airport Pricing – Regulation Impact Statement –Treasury and the Department of Infrastructure and Transport

On 30 March 2012, the Minister for Infrastructure and Transport together with the Assistant Treasurer announced the Government’s response to the report by the Productivity Commission into the Economic Regulation of Airport Services. The Government broadly agreed with the Productivity Commission’s recommendations and will:

Transfer Adelaide Airport from the existing monitoring regime to the 2nd tier [...]

Continue reading Release of Productivity Commission Report into Airport Pricing – Regulation Impact Statement –Treasury and the Department of Infrastructure and Transport

2 April 2012

Unlisted Property Schemes: Update to Regulatory Guidance 46 – Regulation Impact Statement - Australian Securities and Investments Commission

On 28 March 2012, the Australian Securities and Investments Commission (ASIC) published updated guidance (Regulatory Guide 46) on investment in unlisted property schemes. ASIC has developed or updated six benchmarks and eight disclosure principles for unlisted property schemes that can help retail investors understand the risks, assess the rewards being offered and decide whether these [...]

Continue reading Unlisted Property Schemes: Update to Regulatory Guidance 46 – Regulation Impact Statement – Australian Securities and Investments Commission

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Performance Based Standards – COAG Decision Regulation Impact Statement – Standing Council on Transport and Infrastructure

Summaries of Australian Government and COAG regulatory activity for 2011-12 and status of post-implementation reviews by portfolio

Charitable fundraising regulation reform – COAG Consultation Regulation Impact Statement – Consumer Affairs Forum

Non-compliance with post-implementation review requirements –Tax Laws Amendment (2009 Budget Measure No.2) Bill 2009 – The Treasury

Non-compliance with post-implementation review requirements –Tax Laws Amendment (2009 Budget Measure No.1) Bill 2009 – The Treasury

Non-compliance with best practice regulation requirements – Cancellation and Suspension of a Remittance Dealer’s Registration – AUSTRAC

Release of Productivity Commission Report into Airport Pricing – Regulation Impact Statement –Treasury and the Department of Infrastructure and Transport

Unlisted Property Schemes: Update to Regulatory Guidance 46 – Regulation Impact Statement - Australian Securities and Investments Commission

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