The Federal Government is currently reviewing the Greenhouse and Energy Minimum Standards Act (GEMS) which provides efficiency standards and energy labelling for heating and cooling products including air conditioners.
Feedback from industry is being sought following the release of a discussion paper with submissions closing on March 28, 2018.
A final report is expected in the second half of this year.
The review will assess the performance of the GEMS Act including its ability to reduce power bills for consumers and minimise regulatory costs on industry.
In 2016, the Act delivered a net benefit to the Australian economy in the range of $870 million to $1.58 billion.
The GEMS Act underpins legislation for the Equipment Energy Efficiency (E3) Program which is undertaking research into the effect online energy efficiency information has on purchasing decisions.
Australia is a relatively small market for appliances, making up about two per cent of global sales.