Due to COVID-19 Parliament House has limited public access. Bookings are essential for all public visits.

Second Reading Speeches

Carbon Credits (Consequential Amendments) Bill 2011

Type
Government
Portfolio
Climate Change and Energy Efficiency
Originating house
House of Representatives
Status
Act
Parliament no
43

Track (What's this?)

Permalink

Summary

Part of a package of three bills to establish the Carbon Farming Initiative, the bill amends the:

Anti-Money Laundering and Counter-Terrorism Financing Act 2006
to provide that financial institutions and other persons who buy Australian carbon credit units (ACCUs) are subject to reporting and other obligations;
Australian Securities and Investments Commission Act 2001
and
Corporations Act 2001
in relation to the regulation of financial services for ACCUs;
Australian Securities and Investments Commission Act 2001
,
Competition and Consumer Act 2010
and
National Greenhouse and Energy Reporting Act 2007
to provide for the appropriate exchange of information between administrators; and
National Greenhouse and Energy Reporting Act 2007
to extend the arrangements for reporting transfer certificates beyond 30 June 2011.