4. (1) When a regulation made for the purposes of the definition of “energy efficiency rating statement” in section 3 is laid before the Legislative Assembly pursuant to paragraph 6 (1) (c) of the Subordinate Laws Act 1989, the Minister shall cause to be laid before the Legislative Assembly an industry and environment impact statement.
(2) For the purposes of subsection (1), an industry and environment impact statement is a statement prepared by the Minister describing the likely costs and benefits of the energy efficiency rating statement to the real estate and housing industries and consumers generally.