The following Clean Energy Bills were introduced in the House of Reps on Wed 23.5.2012:
- Clean Energy Legislation Amendment Bill 2012 – amends various Acts, including the Clean Energy Act 2011 and the Fuel Tax Act 2006, to among other things:
▪ make changes to the liquid fuel Opt-in Scheme which alter the criteria that a person must meet in order to be declared a designated opt-in person for the purposes of the Opt-in Scheme;
▪ reflect changes in coverage arrangements for gaseous fuels. From 1 July 2013, a carbon price will be applied to non-transport liquid petroleum gas and liquefied natural gas through the carbon pricing mechanism rather than through fuel tax arrangements. Emissions attributable to compressed natural gas will be covered by the carbon pricing mechanism, rather than by fuel tax arrangements, from 1 July 2012;
- Clean Energy (Customs Tariff Amendment) Bill 2012 and Clean Energy (Excise Tariff Legislation Amendment) Bill 2012 – these Bills make amendments to the Excise Act 1901, the Excise Tariff Act 1921 and the Customs Tariff Act 1995. The amendments provide that, from 1 July 2012, compressed natural gas (CNG) used for non-transport purposes will not be subject to the effective carbon price through the fuel tax system so that it may be covered by the carbon pricing mechanism;
- Clean Energy Finance Corporation Bill 2012 – gives effect to the Government’s commitment to establish the Clean Energy Finance Corporation. The Corporation will be a $10bn fund dedicated to investing in clean energy.
[LTN 98, 23/5]
The Clean Energy Finance Corporation Bill 2012, Clean Energy Legislation Amendment Bill 2012, Clean Energy (Customs Tariff Amendment) Bill 2012 and Clean Energy (Excise Tariff Legislation Amendment) Bill 2012 were all passed by the House of Reps on Wed 30.5.2012, without amendment and now move to the Senate.
Among other things, the Bills provide that, from 1 July 2012, compressed natural gas (CNG) used for non-transport purposes will not be subject to the effective carbon price through the fuel tax system so that it may be covered by the carbon pricing mechanism.
[LTN 31/5]