Clean Energy Amendment (International Emissions Trading and Other Measures) Bill 2012

Type
Government
Portfolio
Climate Change and Energy Efficiency
Originating house
House of Representatives
Status
Act
Parliament no
43
Summary
Part of a package of seven bills to link Australia’s carbon pricing mechanism to overseas emissions trading schemes from 1 July 2015, the bill amends the:
Clean Energy Act 2011
to: remove the price floor for carbon units by removing the surrender charge on eligible international emissions units and the requirement for a minimum auction reserve price; restrict the quantity of eligible Kyoto units that liable entities can use to discharge their carbon pricing liabilities; provide for the calculation of an equivalent carbon price that reflects liable entities’ cost of compliance under a linking arrangement; increase the limit on advance-auctioned carbon units; prevent units being issued at auction more than three years in advance of their vintage year; change the treatment of relinquished carbon units; and enable regulations to be made to determine how specific circumstances relating to the supply and use of natural gas are treated;
Australian National Registry of Emissions Units Act 2011
to enable: European allowance units to be held in the Australian National Registry of Emissions Units; and the Clean Energy Regulator to issue and transfer Australian-issued international units in the event that a direct link with a foreign emissions trading scheme is not possible;
Fuel Tax Act 2006
to adjust the calculation of the equivalent carbon price to provide that it remains consistent with the compliance costs of liable entities under the carbon pricing mechanism with linking arrangements; and
National Greenhouse and Energy Reporting Act 2007
to enable the minister to determine methods to measure and adjust amounts of designated fuels for the purposes of ascertaining potential greenhouse gas emissions. Also repeals the
Clean Energy (International Unit Surrender Charge) Act 2011
.

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Progress

House of Representatives
Introduced and read a first time 19 Sep 2012
Second reading moved 19 Sep 2012
Second reading debate 10 Oct 2012
Second reading debate 11 Oct 2012
Second reading agreed to 11 Oct 2012
Consideration in detail debate
  • Amendment details: 2 Government agreed to
11 Oct 2012
Third reading agreed to 11 Oct 2012
Senate
Introduced and read a first time 29 Oct 2012
Second reading moved 29 Oct 2012
Second reading debate 21 Nov 2012
Second reading debate 26 Nov 2012
Second reading agreed to 26 Nov 2012
Committee of the Whole debate 26 Nov 2012
Third reading agreed to 26 Nov 2012
Text of bill as passed both Houses 26 Nov 2012
Assent
  • Act no.: 204
  • Year: 2012
13 Dec 2012

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

House of representatives

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Senate

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Schedules of amendments

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Bills digest

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Notes

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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