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.