The Federal Government’s Clean Energy Regulator has commenced operations, with responsibility over a broad range of Government initatives.

The statutory authority will administer both new and existing regulatory schemes, including the Federal Government’s carbon pricing mechanism, the National Greenhouse and Energy Reporting scheme, the Renewable Energy Target, the Carbon Farming Initiative and the Australian National Registry of Emissions Units.

According to the Chair and Chief Executive Officer, Chloe Munro, the Clean Energy Regulator’s first priority will be to “ensure continuity of service for people who are involved with existing regulatory schemes which support business and industry to reduce their carbon emissions.”

The Reserve Bank of Australia has announced it has kept the country’s official cash rate unchanged at 4.25 per cent, citing recent information surrounding the world economy.

The South Australian Government has blasted the Murray-Darling Basin Authority’s (MDBA) draft plan, saying the allocated 2750 gigalitres for environmental flow is not enough to return the system to a state of health.

The Australian Institute of Company Directors (AICD) have urged the Federal Government to reconsider its determination to see a budget surplus in 2012-13, saying it is risky to pursue the goal given the economic volatility.

The Reform Council of the Council of Australian Governments (COAG) has savaged the planning of the country’s capital cities, publishing a review that urges governments to do better in planning future land use, infrastructure assets and economies of the country’s major cities.

The Federal Government has announced it will allow skilled workers from the United States, such as electricians, plumbers and other trades, to get their licence to work in Australia on arrival.

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