Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Fishing Area Closure and Revised Monitoring Arrangements Changes to management arrangements for the gillnet, hook and trap sector of the southern and eastern scalefish and shark fishery, including closure of fishing areas to protect sea lions. April 2011 November 2014 Completed Published Australian Securities and Investments Commission Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Interim Bans on Covered and Naked Short Selling (Class Orders 08/751, 08/752, 08/753, 08/763, 08/764, 08/801, 08/824) Implements decisions made in 2008-09 relating to class orders which imposed restrictions on short sales of securities. E/c September 2008 November 2012 Completed Published E/c Exceptional circumstances were granted by the Prime Minister. Australian Transaction Reports and Analysis Centre Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Cancellation and Suspension of a Remittance Dealer’s Licence Rules that specify the matters the AUSTRAC CEO must take into account to cancel or suspend the registration of a registered alternative remittance dealer. October 2011 September 2015 Completed Published Department of Communications and the Arts Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Broadcasting & Datacasting Services (Parental Lock) Technical Standard 2010a Requiring particular digital television reception equipment to have parental lock capabilities. April 2011 December 2013 Completed Published Convergence Review Australian Content Requirements for Commercial Television Broadcasters. E/c November 2012 January 2017 Completed Published Providing permanent spectrum for community television services on the sixth channel. E/c Not Implementedb .. .. Repeal of the “75 per cent reach” rule. E/c Not Implementedb .. ..
Extension of Telstra Retail Price Controls to June 2014a Extending retail price controls on Telstra fixed-line telephone services to June 2014. E/c June 2012 October 2015 Completed Published Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Problem Gambling Ban the promotion of live odds during sports coverage July 2013 May 2017 Completed Published National Broadband Network (NBN) Decisionsa Decisions in response to the establishment of the NBN. E/c April 2009 May 2016 Completed Published Decisions in response to NBN implementation review. E/c December 2010 May 2016 Completed Published a These matters were originally reported under the Department of Broadband, Communications and the Digital Economy. However, on 18 September 2013 the Department was renamed the Department of Communications. On 21 September 2015 the Department was renamed the Department of Communications and the Arts. b The Department of Communications and the Arts has confirmed that the proposal does not reflect Government policy and will not be implemented. As such this PIR does not need to be completed. E/c Exceptional circumstances were granted by the Prime Minister. .. Not applicable Department of Defence Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Defence Trade Cooperation Treaty with the United States Removes the administrative delays associated with the existing Australian and US export licensing systems, while ensuring that sensitive defence technology is appropriately protected. June 2013 May 2016 Completed Published Woomera Prohibited Area Establishes a regulatory framework to administer access to the Woomera Prohibited Area. E/c August 2014 April 2017 Completed Published E/c Exceptional circumstances were granted by the Prime Minister.
Department of Education and Training Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Australian Education Regulation Introduces new requirements to the regulation of Commonwealth funding to government and schools. Non Compliance January 2014 November 2016 Completed Published Tuition Protection Service and Other Related Measuresa Single mechanism to place international students when an education provider closes, or as a last resort, to provide refunds of unexpended course fees. July 2012 July 2015 Completed Published a This matter was originally reported under the Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education. However, on 18 September 2013 this matter was transferred to the Department of Education and Training. Department of Employment Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Amendments to the Fair Work Act 2009a, b Expands the scope of who can request flexible working arrangements. E/c July 2013 April 2016 Completed Published Ensures employees would not lose unpaid parental leave when taking special maternity leave. E/c July 2013 April 2016 Completed Published Provides pregnant employees with less than 12 months service the right to transfer to a safe job. E/c July 2013 April 2016 Completed Published Increases the maximum period of concurrent unpaid parental leave from four to eight weeks. E/c July 2013 April 2016 Completed Published Amends right of entry provisions in relation to the location of discussions and interviews, as well as transport and accommodation arrangements for the facilitation of entry to premises in remote areas by permit holders. E/c January 2014 February 2017 Completed Published Creates a definition of workplace bullying and allowing an employee who has suffered bullying at work the right to seek an order from the Fair Work Commission. E/c January 2014 February 2017 Completed Published Enables the Fair Work Commission to arbitrate general protections dismissal disputes and unlawful termination applications. E/c January 2014 February 2017 Completed Published Requires employers to consult on roster changes and consider the impacts on families. E/c January 2014 February 2017 Completed Published
Duty Free Allowances – Cigarettes and Tobacco Reduces the inbound duty-free allowance for cigarettes and tobacco from 250 cigarettes or 250 grams of tobacco to 50 cigarettes or 50 grams of other tobacco products. E/c September 2012 February 2017 Completed Published Excise Tariff Amendment (Tobacco) Bill 2010 and Customs Tariff Amendment (Tobacco) Bill 2010 Increase the excise tariff applying to tobacco products by 25 per cent and increase of rates of duty applying to tobacco products imported into Australia by 25 per cent. April 2010 May 2013 Completed Published Farm Management Deposits Early access for primary producers suffering natural disasters and improved administration arrangements. May 2010 February 2014 Completed Published Financial Claims Scheme (General Insurers) Levy Bill 2008 Provides for the imposition of a levy on general insurers in the event of the activation of the Financial Claims Scheme. October 2008 November 2012 Completed Published Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Foreign Acquisitions and Takeovers Amendment Bill 2009 Ensure that any foreign investment irrespective of the way it is structured is treated equally under the Foreign Acquisitions and Takeovers Act. February 2010 February 2013 Completed Published Foreign Acquisitions and Takeovers Regulations 2010 (No. 2) Remove an exemption that applied to temporary residents buying residential real estate in Australia. May 2010 February 2013 Completed Published Future of Financial Advice Prospective ban on up-front and trailing commissions and like payments for both individual and group risk insurance within superannuation. July 2013 August 2017 Completed Published Requirement for advisers to renew client agreement to ongoing advice fees every two years (opt-in regime). July 2013 August 2017 Completed Published Ban on soft dollar benefits over $300 per benefit. July 2013 August 2017 Completed Published Limited carve-out for basic products from the ban on certain conflicted remuneration structures and best interests duty. July 2013 August 2017 Completed Published Access to scaled financial advice. July 2013 August 2017 Completed Published Government Response to Australia’s Future Tax System Review
Abolition of the entrepreneurs’ tax offset. E/c July 2012 January 2014 Completed Published Better targeting of not-for-profit tax concessions. E/c July 2014a .. .. Expanding the definition of geothermal energy. E/c July 2012 October 2015 Completed Published Fringe benefit tax: reform of the car fringe benefit rule. E/c May 2011 January 2014 Completed Published Introducing a statutory definition of charity. E/c January 2014 September 2016 Completed Published Minerals Resource Rent Tax – adoption of the recommendations of the Policy Transition Group. E/c July 2012 October 2015 Completed Published Small business depreciation – accelerated initial deduction for motor vehicles. E/c July 2012 October 2015 Completed Published Government’s Response to the Super System Review (Cooper Review) Australian Government’s initial response to the Super System (Cooper) Review. E/c July 2013 March 2016 Completed Published Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR Published PIR status Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Act 2008 Temporary emergency arrangement providing a guarantee for deposits over $1 million and wholesale debt in exchange for a fee. The initiative closed to new liabilities on 31 March 2010. October 2008 October 2012 Completed Published Regulation of Litigation Funding Clarifying that class actions are not managed investment schemes. January 2013 March 2016 Completed Published Stronger Super Reforms – Aspects of MySuper The ability of funds to offer tailored MySuper products to employers with more than 500 employees, and extension of the date by which trustees will be required to have transferred the balance of existing default funds into MySuper products. E/c July 2013 January 2016 Completed Published Taxation of Financial Arrangements – Amendments to Tax Hedging Rules Amendments to ensure rules operate as intended and provide clarification. Not implementedb .. .. Tax Laws Amendment (2009 Budget Measures No. 1) Bill 2009 Limits tax concessions for income earned by Australians working overseas. E/c July 2009 August 2013 Completed Published Tax Laws Amendment (2009 Budget Measures No. 2) Bill 2009 No longer allowing offsetting deductions from activities for high income earners. E/c July 2009 January 2014 Completed Published