The Federal Government will introduce its clean energy
legislative package into Parliament today. Various
separate bills will be introduced into the House of
Representatives, including the Clean Energy Bill, which is the main
piece of legislation that will establish Australia's proposed
carbon price mechanism. Other bills comprising the package
include legislation to set up a Clean Energy Regulator and a
Climate Change Authority that will act as an independent review
body, as well as laws relating to fuel tax
arrangements.
Stakeholder engagement has already been undertaken and submissions
closed on 22 August 2011. After the bills are introduced
today, debate will commence and a vote is expected to take place
during Parliament's October sitting. The legislative
package will give effect to the Government's Securing
Australia's Energy Future – the Australian
Government's Climate Change Plan (Clean Energy
Plan). It will have significant effects on the
Australian economy and on Australian and overseas businesses.
To find out more about the Clean Energy Plan and its implications
for business, please read our publication
Australia's clean energy future: legal and commercial
implications for business.
For a confidential discussion about how this legislation may impact
your business, please contact a member of our team.
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