On 25 February 2016,
the Australian Government released the final report of the KPMG led Independent review of the impact of the illegal logging
regulations on small business.
The report proposed a
package of regulatory and non-regulatory reforms to minimise the costs of
complying with the Regulation.
In light of this
process and the potential for further changes to the Regulation, the department
has decided to extend the initial 'soft-start' compliance period until any
amendments from the KPMG review have been finalised. This is expected to extend
the soft-start period until late 2016 or early 2017.
A further Compliance
Advice Notice will be released to advise when the 'soft-start' compliance
period will end.
20Cube are available to discuss further and assist clients with ensuring they comply with the
Regulations.
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