Safeguard Mechanism (Crediting) Amendment Bill 2022 [Provisions]

March 2023

© Commonwealth of Australia 2023
ISBN: 978-1-76093-463-7

View the report as a single document:

View the report as separate downloadable parts:


Abbreviations and acronyms

List of Recommendations

Chapter 1—Introduction

  Background to the bill
  Provisions of the bill
  Previous relevant reviews and consultation
  Human rights
  Financial impact of the bill
  Conduct of the inquiry
  Structure of the report
  Note on references

Chapter 2—Broader reforms to the Safeguard Mechanism

  General support for the Safeguard Mechanism reforms
  Opposition to the broader Safeguard Mechanism reforms
  Specific concerns about the Safeguard Mechanism reforms
  Concerns raised by business, industry and resources sectors
  Consultation on reforms
  Committee view

Chapter 3—Provisions of the bill

  Use of offsets
  Objects of the National Greenhouse and Energy Reporting Act
  Coverage and new entrants
  Committee view
  Ministerial Rule-making
  Deemed surrender
  Increased penalties
  Reporting and transparency
  Committee view

Coalition Senators' dissenting report

  Additional cost of living pressures
  Australian businesses will become less competitive
  Carbon Credits

Australian Greens' dissenting report

  Just one new coal and gas project wipes out gains from the Safeguard Mechanism
  Appendix: Information on emissions from Woodside’s Scarborough-Pluto Project

Senator David Pocock's additional comments

  Proposed reform of the Safeguard Mechanism needs improvement

Appendix 1—Submissions and additional information

Appendix 2—Public hearing and witnesses

Committee Secretariat contact:

Committee Secretary
Senate Standing Committees on Environment and Communications
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3526