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ARTICLE · 20 MAY 2009

Emissions Trading Scheme Bills Introduced Into Australian Parliament

Clayton Utz
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The legislation to introduce a domestic emissions trading scheme into Australia, the "Carbon Pollution Reduction Scheme" Bill and associated bills, was introduced into the Australian Parliament today.

AustraliaEnergy and Natural Resources
Graeme Dennis (Formerly With Clayton Utz)
Graeme Dennis (Formerly With Clayton Utz)
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Emissions Trading Scheme Bills Introduced Into Australian Parliament

The legislation to introduce a domestic emissions trading scheme into Australia, the "Carbon Pollution Reduction Scheme" (CPRS) Bill and associated bills, was introduced into the Australian Parliament today.

The CPRS Bill largely follows the exposure draft which was released by the Government for comment on 10 March 2009, amended to cater for the Prime Minister's announcement on 4 May 2009 that the scheme commencement date would be delayed for one year to 1 July 2011, and that compliance costs for the first year (2011-12) would be fixed at $10/tonne.

These are some of the important features of the CPRS Bill as tabled, and its departures from the exposure draft:

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