The Ministerial Council on Energy, the national policy and governance body comprising of state and federal ministers, yesterday released the long-awaited Regulatory Impact Statement (RIS) for the proposed legislation to mandate disclosure of energy efficiency, greenhouse emissions and water efficiency of residential property at point of sale and lease.
Click here to view the RIS.
The RIS documents the purpose and aims of residential mandatory disclosure legislation, as well as the options for implementing the scheme, a cost-benefit analysis of each option and the estimated impact on industry and society. It provides a basis for public consultation on the options described in the document, and consultation sessions will be held in each state to allow public input into the process, in addition to online meetings.
Click here to view the government bulletin listing the session schedule and consultation process.
For more information on Residential Mandatory Disclosure, visit our RMD webpage