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New Vehicle Efficiency Standard (Consequential Amendments) Bill 2024

passed, as at 2024-05-31. Infrastructure, Transport, Regional Development, Communications and the Arts portfolio.

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Infrastructure, Transport, Regional Development, Communications and the Arts

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Plain-language summary

Written by a model from the explanatory memorandum; not the record, as at 2024-03-27.

This bill is part of a package that would create a new vehicle efficiency standard for Australia, reducing carbon dioxide emissions from new cars and light commercial vehicles and boosting the supply of low and zero emission vehicles.

The standard would set annual emissions targets for suppliers, who would earn credits for beating them and face penalties for exceeding them, with the ability to trade credits and a two-year grace period to comply.

The package would amend the Clean Energy Regulator Act 2011 and the Road Vehicle Standards Act 2018 to support the new framework, and the bill includes a review of the scheme in 2026.

Vehicle suppliers bringing new cars, SUVs, utes, and vans to the Australian market.

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