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ARTICLE · 29 JULY 2014

Carbon tax repeal - it's time to explain your prices!

Businesses have to comply with new disclosure requirements as part of the carbon tax repeal, or face tough penalties.

AustraliaConsumer Protection

Key Points:

Businesses have to comply with new disclosure requirements as part of the carbon tax repeal, or face tough penalties. The deadlines for reporting to customers and the ACCC are very tight.

While the main aim of the Clean Energy Legislation (Carbon Tax Repeal) Act 2014 (Cth) is to repeal the Clean Energy Act 2011 (Cth) and related Acts to remove the carbon tax from 1 July 2014, it also seeks to ensure that businesses and consumers benefit from price reductions, particularly in relation to their energy bills, by the removal of the carbon tax impost.

For electricity and gas businesses, there are now two priorities:

  • careful analysis of supply chains to identify where carbon costs have been incurred and passed on; and

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