COMMERCIAL MAT­TERS

Business First - - NEWS -

Businesses will ben­e­fit from the cre­ation of a new ‘rocket docket’ at the Ad­min­is­tra­tive Ap­peals Tri­bunal (AAT), the body that re­views cer­tain de­ci­sions made by Federal govern­ment reg­u­la­tory bod­ies.

The rocket docket at­tracts de­ci­sions that have sig­nif­i­cant commercial ram­i­fi­ca­tions, and those re­lat­ing to the ac­cred­i­ta­tion, li­cens­ing or reg­is­tra­tion of in­di­vid­u­als or com­pa­nies. It is ex­pected to greatly ex­pe­dite the hear­ing of those ap­peals.

Sean Robertson, Part­ner in McCullough Robertson’s Cor­po­rate Ad­vi­sory team, said he was pleased to see the in­tro­duc­tion of an ex­pe­dited ap­peals process.

“My clients of­ten want to ap­peal reg­u­la­tory de­ci­sions, but the time spent [12 months] get­ting the de­ci­sion to an AAT hear­ing gen­er­ally makes an ap­peal point­less from a commercial per­spec­tive,” he said.

“We are hope­ful that the in­tro­duc­tion of the rocket docket will change that.”

The AAT is a quasi-ju­di­cial body charged with re­spon­si­bil­ity for re­view­ing cer­tain ad­min­is­tra­tive de­ci­sions of or­gans of the Federal govern­ment, and ar­riv­ing at the “cor­rect and prefer­able” de­ci­sion.

The Tri­bunal re­views a wide ar­ray of ad­min­is­tra­tive de­ci­sions, in­clud­ing those by the Aus­tralian Se­cu­ri­ties and In­vest­ment Com­mis­sion (ASIC), the Aus­tralian Pru­den­tial Reg­u­la­tion Author­ity (APRA) and the Aus­tralian Taxation Of­fice (ATO).

The AAT has sought pub­lic com­ment on the pro­posed docket, the draft of which can be found on the AAT’s web­site at www.aat.gov.au.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.