Are you a large fuel user looking to manage your carbon liability?

Key Points:

The opportunity to opt in to the Carbon Price Mechanism is available for the first time in the 2013-14 financial year.

If you are:

• already listed on the Liable Entity Public Information Database; or
• are a large fuel user where the embodied CO2-e emissions of the fuel you use is at least 25,000 t,

then you may wish to take advantage of the Opt-In Scheme which allows you to meet the carbon liability associated with your fuel use through the Carbon Price Mechanism (CPM).

At present, fuel users pay an effective carbon price through the fuel tax or excise schemes under the Australian Tax Office. However, the Clean Energy Act 2001 has provisions for the users of specified taxable liquid fuels to manage their carbon liability by opting into the CPM. Under the Opt-In Scheme, a Designated Opt-In Person may choose to manage the taxable fuel liabilities of a GST group, a GST joint venture or for a particular entity.