Carbon Farming Initiative Amendment Bill 2014

Type
Government
Portfolio
Environment 
Originating house
House of Representatives 
Status
Act 
Parliament no
44
Summary
Establishes the Emissions Reduction Fund to replace the carbon tax and provide a transition for the Carbon Farming Initiative by amending the:
Carbon Credits (Carbon Farming Initiative) Act 2011
  to: provide for the Clean Energy Regulator to conduct auctions and enter into contracts to purchase emissions reductions; enable a broader range of emissions reduction projects to be approved; and amend the project eligibility criteria and processes for approving projects and crediting carbon credit units; and
Australian National Registry of Emissions Units Act 2011
,
Clean Energy Regulator Act 2011
  and
National Greenhouse Energy and Reporting Act 2007
  to make consequential amendments. Also provides for transitional arrangements in relation to: the Register of Offsets Projects, which will be renamed the Emissions Reduction Fund Register and will include information about contracts to purchase emissions reductions; and existing Carbon Farming Initiative projects and methodologies and applications for new projects. 

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Progress

House of Representatives
18 Jun 2014Introduced and read a first time
18 Jun 2014Second reading moved
25 Jun 2014Second reading debate
25 Jun 2014Second reading agreed to
25 Jun 2014Third reading agreed to
Senate
26 Jun 2014Introduced and read a first time
26 Jun 2014Second reading moved
30 Oct 2014Second reading debate
30 Oct 2014Committee of the Whole debate

Amendment details: 7 Government, 17 Palmer United Party and 8 Independent (Xenophon) agreed to
30 Oct 2014Third reading debated
30 Oct 2014Third reading agreed to
House of Representatives
24 Nov 2014Consideration of Senate message

Details: House agreed to Senate amendments


24 Nov 2014Finally passed both Houses
25 Nov 2014Assent

Act no.: 119

Year: 2014

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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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