Reducing Superannuation Compliance Costs for Small Business Compliant Yes No -$46.4 Reduces the compliance costs of the superannuation system on small businesses by amending choice of fund obligations so that employers are no longer required to offer choice of fund to temporary resident employees and in circumstances when superannuation funds merge. Best PIR Regulatory Proposal RIS Status practice required Burden ($m) Unincorporated business tax discount Compliant Yes No $14.8 Provides an annual 5 per cent tax discount capped at $1000 for individual taxpayers with business income from an unincorporated small business from 1 July 2015. Appendix A RISs used for consultation during 2014-2015 – The RISs listed have been certified by the authoring agencies, subject to an early assessment by the OBPR and published for consultation during the current financial year. Proposal Agency Closing date Department of Improved Protection of Vehicle Occupants in Side Impact Crashes Infrastructure and 31 July 2015 Regional Development Department of Social Care Assistance Package 31 July 2015 Services Improving Medicare funded diagnostic imaging services Department of Health 25 June 2015 Superstream: Pass Through of Employee Details Treasury 1 Sep 2014 Grocery Code of Conduct Treasury 12 Sep 2014 Department of Reducing the Regulation of Stock Food and Pet Food 7 Nov 2014 Agriculture Australian Proposed Changes to the Annual Compliance Report 28 Nov 2014 Transactions Reports and Analysis Centre Employee Share Schemes and Start-ups Treasury 6 Feb 2014 Department of Prime International Standards and Risk Assessments Ongoing Minister and Cabinet Department of Section 457 Visa Reforms Immigration and NA Border Protection
Reducing Superannuation Compliance Costs for Small Business Compliant Yes No -$46.4 Reduces the compliance costs of the superannuation system on small businesses by amending choice of fund obligations so that employers are no longer required to offer choice of fund to temporary resident employees and in circumstances when superannuation funds merge. Proposal RIS Status Best practice PIR required Regulatory Burden ($m) Unincorporated business tax discount Compliant Yes No $14.8 Provides an annual 5 per cent tax discount capped at $1000 for individual taxpayers with business income from an unincorporated small business from 1 July 2015. Appendix A – RISs used for consultation during 2014-2015 The RISs listed have been certified by the authoring agencies, subject to an early assessment by the OBPR and published for consultation during the current financial year. Proposal Agency Closing date Improved Protection of Vehicle Occupants in Side Impact Crashes Department of Infrastructure and Regional Development 31 July 2015 Care Assistance Package Department of Social Services 31 July 2015 Improving Medicare funded diagnostic imaging services Department of Health 25 June 2015 Superstream: Pass Through of Employee Details Treasury 1 Sep 2014 Grocery Code of Conduct Treasury 12 Sep 2014 Reducing the Regulation of Stock Food and Pet Food Department of Agriculture 7 Nov 2014 Proposed Changes to the Annual Compliance Report Australian Transactions Reports and Analysis Centre 28 Nov 2014 Employee Share Schemes and Start-ups Treasury 6 Feb 2014 International Standards and Risk Assessments Department of Prime Minister and Cabinet Ongoing Section 457 Visa Reforms Department of Immigration and Border Protection NA
aust-govt-ris-status-by-agency-2014-15.docx