E/c Exceptional circumstances were granted by the Prime Minister. 5.1.8 Infrastructure and Regional Development - Department of Infrastructure and Regional Development Title of regulatory proposal Reason Implementation Date PIR PIR Status Description of regulatory proposal for PIR date published Tripartite Deeds for 9 Federally Leased July 2013 December Completed Airportsa 2015 Published Offer of tripartite deeds to 9 federally leased airports for the remainder of the current airport lease. Tripartite Deeds for 12 Australian July 2013 December Completed Privatised Airportsa 2015 Published Extend the existing tripartite deeds for the 12 Australian privatised airports from 20 to 50 years. a This matter was originally reported under the Department of Infrastructure and Transport. However, on 18 September 2013 this matter was transferred to the Department of Infrastructure and Regional Development. 5.1.9 Treasury - Australian Accounting Standards Board of regulatory proposal Reason Implementation Date PIR PIR Status Description of regulatory proposal for PIR date published Amendments to Australian Accounting November 2010 2016 Completed Standards (AASB) 1 & 7 Published Amendments to disclosure requirements around transfers of financial assets. 5.1.10 Treasury - The Treasury Title of regulatory proposal Reason Implementation Date PIR PIR Status Description of regulatory proposal for PIR date published Government Response to Australia’s E/c January 2014 September Completed Future Tax System Review 2016a Published Introducing a statutory definition of charity. Government’s Response to the Super E/c July 2013 March 2016 Completed System Review (Cooper Review) Published Australian Government’s initial response to the Super System (Cooper) Review. Regulation of Litigation Funding January 2013 March 2016 Completed Published Clarifying that class actions are not managed investment schemes. Stronger Super Reforms Aspects of E/c July 2013 January Completed – MySuper 2016 Published 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
E/c Exceptional circumstances were granted by the Prime Minister. 5.1.8 Infrastructure and Regional Development - Department of Infrastructure and Regional Development Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR published PIR Status Tripartite Deeds for 9 Federally Leased Airportsa Offer of tripartite deeds to 9 federally leased airports for the remainder of the current airport lease. July 2013 December 2015 Completed Published Tripartite Deeds for 12 Australian Privatised Airportsa Extend the existing tripartite deeds for the 12 Australian privatised airports from 20 to 50 years. July 2013 December 2015 Completed Published a This matter was originally reported under the Department of Infrastructure and Transport. However, on 18 September 2013 this matter was transferred to the Department of Infrastructure and Regional Development. 5.1.9 Treasury - Australian Accounting Standards Board of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR published PIR Status Amendments to Australian Accounting Standards (AASB) 1 & 7 Amendments to disclosure requirements around transfers of financial assets. November 2010 2016 Completed Published 5.1.10 Treasury - The Treasury Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Date PIR published PIR Status Government Response to Australia’s Future Tax System Review Introducing a statutory definition of charity. E/c January 2014 September 2016a 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 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 E/c July 2013 January 2016 Completed Published