Bill
Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) Bill 2014
passed, as at 2014-07-17. Environment portfolio.
- Sponsor
- Not recorded
- Portfolio
- Environment
Recorded stages
- introduced — 2014-07-14
- second reading — 2014-07-14
- second reading — 2014-07-14
- second reading — 2014-07-14
- third reading — 2014-07-14
- introduced — 2014-07-15
- second reading — 2014-07-15
- second reading — 2014-07-15
- second reading — 2014-07-15
- committee — 2014-07-15
- committee — 2014-07-16
- committee — 2014-07-17
- third reading — 2014-07-17
- passed — 2014-07-17
- royal assent — 2014-07-17
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 2014-07-14.
This bill is part of a package that repeals the carbon tax and prohibits price exploitation on key goods like electricity and gas.
Suppliers of electricity, natural gas, and bulk synthetic greenhouse gases would have to explain to the ACCC how they passed on cost savings from the repeal.
Companies that fail to pass through all savings could face penalties of up to 6,471 penalty units ($1,100,070) and be required to pay 250 per cent of the amount not passed on.
- Creates a new prohibition on carbon-specific price exploitation for key goods.
- Requires electricity and natural gas retailers and bulk synthetic greenhouse gas importers to give the ACCC a substantiation statement estimating cost savings passed on to customers.
- Gives the ACCC monitoring powers to assess the effect of the carbon tax repeal on prices.
- Prohibits false or misleading representations about the effect of the carbon tax repeal on prices.
Electricity and natural gas retailers, bulk synthetic greenhouse gas importers, and their customers, as well as the ACCC.
Sources
em
em revised
billhome
frl act