Title of regulatory proposal Reason Implementation PIR Due Date for PIR date Compliance Description of regulatory proposal China-Australia Free Trade Agreement (ChAFTA) Substantial Dec 2015 Dec 2020 Compliant Reduces or eliminates tariffs on a of Australian Impact exports to China. Japan Australian Economic Partnership Agreement (JAEPA) Substantial Jan 2015 Jan 2020 Compliant Reduces tariffs on a number of Australian exports and Impact improves access for Australian workers in some professional services markets. Trans-Pacific Partnership 11 (TPP 11) Agreement Substantial Oct 2018 Oct 2023 Compliant Impact Create preferential supply chains with TPP parties. .. Not applicable Department of Home Affairs Title of regulatory proposal Reason Implementation PIR Due Date for PIR date Compliance Description of regulatory proposal Customs and AusCheck Legislation Amendment (Organised Crime and Other Measures) Act 2013a May b Compliant A package of measures to combat organised and strengthen security on the waterfront. a Responsibility for this PIR was transferred from the Attorney-General’s Department to the Department of Home Affairs. b Some elements were implemented in May 2013, for which a post-implementation review has commenced. Others are still to be implemented .. Not applicable Department of Infrastructure and Regional Development Title of regulatory proposal Reason Implementation PIR Due Date for PIR date Compliance Description of regulatory proposal Qantas Sale Amendment Bill 2014 E/c August 2014 August 2016 Remove foreign ownership and other restrictions on Qantas a The Department is currently consulting with stakeholders. The status of this PIR will be changed to compliant once it is finalised and published on the OBPR’s website. E/c Exceptional circumstances were granted by the Prime Minister. .. Not applicable Department of the Treasury Title of regulatory proposal Reason Implementation PIR Due Date for PIR date Compliance Description of regulatory proposal Implementation of the United States Foreign Account Tax Compliance Act in Australia Substantial July 2014 July 2019 Compliant Reduces the costs to Australian financial institutions Impact associated with complying with US tax information reporting requirements. Future of Financial Advice Amendments Substantial Reduces the complexity and compliance costs March 2016 March 2021 Compliant Impact associated with Future of Financial Advice (FOFA) reforms. Sugar Industry Code E/c April 2017 April 2019 Compliant Provides for an arbitration process for supply contracts
Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Due Date PIR Compliance China-Australia Free Trade Agreement (ChAFTA) Reduces or eliminates tariffs on a of Australian exports to China. Substantial Impact Dec 2015 Dec 2020 Compliant Japan Australian Economic Partnership Agreement (JAEPA) Reduces tariffs on a number of Australian exports and improves access for Australian workers in some professional services markets. Substantial Impact Jan 2015 Jan 2020 Compliant Trans-Pacific Partnership 11 (TPP 11) Agreement Create preferential supply chains with TPP parties. Substantial Impact Oct 2018 Oct 2023 Compliant .. Not applicable Department of Home Affairs Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Due Date PIR Compliance Customs and AusCheck Legislation Amendment (Organised Crime and Other Measures) Act 2013a A package of measures to combat organised and strengthen security on the waterfront. May b Compliant a Responsibility for this PIR was transferred from the Attorney-General’s Department to the Department of Home Affairs. b Some elements were implemented in May 2013, for which a post-implementation review has commenced. Others are still to be implemented .. Not applicable Department of Infrastructure and Regional Development Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Due Date PIR Compliance Qantas Sale Amendment Bill 2014 Remove foreign ownership and other restrictions on Qantas E/c August 2014 August 2016 a The Department is currently consulting with stakeholders. The status of this PIR will be changed to compliant once it is finalised and published on the OBPR’s website. E/c Exceptional circumstances were granted by the Prime Minister. .. Not applicable Department of the Treasury Title of regulatory proposal Description of regulatory proposal Reason for PIR Implementation date Due Date PIR Compliance Implementation of the United States Foreign Account Tax Compliance Act in Australia Reduces the costs to Australian financial institutions associated with complying with US tax information reporting requirements. Substantial Impact July 2014 July 2019 Compliant Future of Financial Advice Amendments Reduces the complexity and compliance costs associated with Future of Financial Advice (FOFA) reforms. Substantial Impact March 2016 March 2021 Compliant Sugar Industry Code Provides for an arbitration process for supply contracts E/c April 2017 April 2019 Compliant
20180511-ausgov-pirs-required.docx