Bill
True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Bill 2013 [No. 2]
lapsed, as at 2014-07-10. Environment portfolio.
- Sponsor
- Not recorded
- Portfolio
- Environment
Recorded stages
- introduced — 2014-06-23
- second reading — 2014-06-23
- second reading — 2014-06-26
- second reading — 2014-06-26
- third reading — 2014-06-26
- introduced — 2014-07-07
- second reading — 2014-07-07
- second reading — 2014-07-07
- second reading — 2014-07-08
- second reading — 2014-07-09
- second reading — 2014-07-09
- committee — 2014-07-09
- committee — 2014-07-10
- committee — 2014-07-10
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2014-06-23.
This bill is part of a package that repeals the carbon tax and includes measures to protect consumers and businesses from price exploitation.
The package would ban suppliers from charging unfairly high prices for key goods like electricity and gas after the carbon tax is removed.
The Australian Competition and Consumer Commission would get new powers to monitor prices and enforce the ban, with penalties of up to $1,100,070 for companies and $220,150 for individuals.
- Creates a new offence of carbon-specific price exploitation for certain key goods.
- Gives the ACCC powers to monitor prices and assess the effect of the carbon tax repeal.
- Bans false or misleading representations about the effect of the carbon tax repeal on prices.
Businesses that supply key goods such as electricity and gas, and their consumers.
Sources
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