ARTICLE · 17 OCTOBER 2013

Carbon tax repeal bills released for public comment

Clayton Utz

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The Federal Government has released exposure drafts of the Carbon Price Mechanism repeal bills for public consultation.

AustraliaEnvironment

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The new Federal Government has made a significant move in its quest to abolish the Carbon Price Mechanism with the release today of exposure drafts of the repeal bills for public consultation. The key elements are:

Industry assistance under the Jobs & Competitiveness Program, the Energy Security Fund and the Steel Transformation Plan will continue in 2013-14 for the purpose of meeting carbon tax liabilities.
The Australian Competition & Consumer Commission will have new powers to monitor prices and take action against businesses that attempt to exploit other businesses and consumers by charging unreasonably high prices, or making false or misleading claims about the effect of the carbon tax repeal on prices.

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