ACIS Administration Amendment (Application) Bill 2009


Index

Bills Digest no. 65 2009–10

ACIS Administration Amendment (Application) Bill 2009

WARNING:
This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments. This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.

CONTENTS

Passage history
Purpose
Background
Main provisions
Contact officer & copyright details


Passage history

Date introduced: 18 November 2009

House: House of Representatives

Portfolio: Innovation, Industry, Science and Research

Commencement: On the date of Royal Assent.

Links: The relevant links to the Bill, Explanatory Memorandum and second reading speech can be accessed via BillsNet, which is at http://www.aph.gov.au/bills/. When Bills have been passed they can be found at ComLaw, which is at http://www.comlaw.gov.au/.

Purpose

The Bill amends the ACIS Administration Amendment Act 2009 (the Act) to correct an unintended consequence arising from the Act s link to the commencement of the Automotive Transformation Scheme Act 2009.

Background

The Government s policy arrangements for the automotive industry were announced in
A New Car Plan for a Greener Future. The two pieces of legislation implementing the policy arrangements, the ACIS Administration Amendment Bill 2009 and the Automotive Transformation Scheme Bill 2009, were enacted on 29 September 2009.

To assist with the transition from the Automotive Competitiveness and Investment Scheme to the Automotive Transformation Scheme additional assistance will be provided to motor vehicle producers in 2010 under the Act. The additional assistance which is estimated at $79.6 million arises from changes to the formula for calculating unmodulated production credits.[1]

The Bill clarifies that the commencement of the Act is 1 January 2010 as intended and that additional assistance to motor vehicle producers will apply from that date. It removes any doubt that the new provisions for calculating unmodulated production credits could be applied to the production of motor vehicles, engines and engine components in the final three months of 2009.

Main provisions

Schedule 1

ACIS Administration Amendment Act 2009

Item 1 replaces the commencement date in the Act to make it explicit that the amendments to the Automotive Competitiveness and Investment Scheme commence on
1 January 2010.

Item 2 provides that items 12-16 of the Act apply to working out unmodulated production credits for a quarter beginning on or after 1 January 2010.

 

Members, Senators and Parliamentary staff can obtain further information from the Parliamentary Library on (02) 6277 2465.



[1]. See ACIS Administration Amendment Bill 2009, Bills Digest No 9. 2009-10, p 7.

Contact officer and copyright details

Michael Priestley
23 November 2009
Bills Digest Service
Parliamentary Library

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