Overview

This Deregulation Bill aims to streamline existing regulations, removing unnecessary burdens on businesses and individuals. Key amendments focus on delaying the implementation of certain regulations until at least April 1st, 2017, and requiring a parliamentary report on the government's plan for implementing any new regulations under Section 60.

Description

The core of the bill centers around amendments to Clause 60. Amendments 38A and 38B mandate a government review and subsequent report to Parliament before any new regulations under Section 60(1)(a) or (b) can be implemented. This report must detail whether the government intends to enact new regulations and, if so, outline the proposed steps and timeline. Critically, Amendments 38 and 38B also delay the effective date of any regulations made under Section 60(1) until at least April 1, 2017.

Government Spending

The bill itself doesn't directly allocate new government spending. However, the delay in implementing new regulations under Section 60 could potentially lead to short-term savings by postponing associated administrative costs. The long-term budgetary impact depends entirely on the content of the planned regulations and whether they are implemented after April 1, 2017.

Groups Affected

Businesses: Potentially affected by the delay in implementing or the eventual introduction of new regulations under Section 60. The impact could be either positive (reduced regulatory burden) or negative (delayed implementation of beneficial or necessary regulations).
Government: Responsible for conducting the mandated review and reporting to Parliament, potentially incurring costs associated with this process. Also affected by the potential financial implications of delaying regulations.
Parliament: Will receive a report outlining the government's approach to implementing regulations under Section 60, allowing for scrutiny and potential challenge.

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