The Prime Minister and the Minister for the Environment on Wed 13.11.2013 introduced a package of 11 Bills in the House of Reps to repeal the carbon tax from 1 July 2014 and make related tax and other amendments. The Bills are:
- Clean Energy Legislation (Carbon Tax Repeal) Bill 2013 – proposes to repeal the legislation that establishes the carbon pricing mechanism.
- Clean Energy (Income Tax Rates and Other Amendments) Bill 2013 – proposes to cancel the carbon tax-related income tax cuts that were legislated to commence on 1 July 2015, and repeal the associated amendments to the low-income tax offset.
- True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2013.
- True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Bill 2013.
- Customs Tariff Amendment (Carbon Tax Repeal) Bill 2013.
- Excise Tariff Amendment (Carbon Tax Repeal) Bill 2013.
- Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Carbon Tax Repeal) Bill 2013.
- Ozone Protection and Synthetic Greenhouse Gas (Import Levy) (Transitional Provisions) Bill 2013.
- Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) Bill 2013.
- Climate Change Authority (Abolition) Bill 2013.
- Clean Energy Finance Corporation (Abolition) Bill 2013.
The Bills also propose to:
- remove the equivalent carbon price imposed through the fuel tax credit system, through excise and excise equivalent customs duties, and through synthetic greenhouse gas (SGG) levies;
- make arrangements for the management of the last financial year in which the carbon tax will apply (2013-14) and the collection of any outstanding carbon tax liabilities; and
- provide new powers to the Australian Competition & Consumer Commission (ACCC) to ensure the passing through of price reductions relating to the carbon tax repeal.
[LTN 220, 13/11/13]
Bills referred to Senate Committee (for report by 2 December 2013?)
The package of carbon tax repeal Bills has been referred to the Senate Environment and Communications Legislation Committee for inquiry and report (although a reporting date has not yet been set – the Selection of Bills Committee noted that 2 December 2013 was a possible reporting date – like the referral of the Mining Tax abolition).
[LTN 221, 14/11/13]
Bills pass Lower House and move to the Senate
On Thur 21.11.2013, the package of 11 Bills to repeal the carbon tax and make associated tax changes was also passed by the House of Reps without amendment and now moves to the Senate.
[LTN 226, 21/11/13]