Bill
Coal-Fired Power Funding Prohibition Bill 2018
lapsed, as at 2019-04-11. (s) BANDT, Adam, MP portfolio.
- Sponsor
- Adam Bandt
- Portfolio
- (s) BANDT, Adam, MP
Recorded stages
- introduced — 2018-12-03
- second reading — 2018-12-03
- other — 2019-04-11
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 2018-12-03.
This bill would stop the Commonwealth and its associated bodies from giving financial help to coal-fired power plants.
It would ban direct payments, loans, underwriting, government bonds, contracts for difference, floor price guarantees, equity, capacity payments, and indemnity from carbon risk.
Exemptions would allow the Commonwealth to carry out normal regulatory processes, support affected workers and communities, fund research, or manage power station closures.
- Prohibits the Commonwealth from providing financial assistance for building, refurbishing, or purchasing coal-fired power stations.
- Bans indirect assistance such as underwriting or guaranteeing someone else's financial obligations.
- Lists specific prohibited forms of assistance including direct payments, loans, and equity.
The Commonwealth, associated Commonwealth bodies, and the Australian taxpayer.
Sources
em
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