ARTICLE · 25 DECEMBER 2013

Carbon tax repeal – the ACCC will be watching your prices!

Clayton Utz

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Businesses should carefully review contractual arrangements to determine how to respond to the repeal of the carbon tax.

AustraliaEnvironment

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Key Points:

Businesses will need to carefully review their contractual arrangements to determine how they respond to the repeal of the carbon tax.

While the main aim of the Clean Energy Legislation (Carbon Tax Repeal) Bill 2013 (Cth) is to repeal the carbon tax brought in by the Clean Energy Act 2011 (Cth) and related Acts, the Bill 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.

The Government has sought to achieve this aim by amending the Competition and Consumer Act 2010 (Cth) (CCA) to revive Part V of the CCA to include new provisions which will prohibit corporations:

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