CLEAN ENERGY LEGISLATION (CARBON TAX REPEAL) ACT 2014 (NO. 83, 2014)

Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Schedule(s)......................................................................................... 3

Schedule 1--Repeal of the carbon tax 4

Part 1--Repeal of Acts 4

Clean Energy Act 2011 4

Clean Energy (Charges--Customs) Act 2011 4

Clean Energy (Charges--Excise) Act 2011 4

Clean Energy (Unit Issue Charge--Auctions) Act 2011 4

Clean Energy (Unit Issue Charge--Fixed Charge) Act 2011 4

Clean Energy (Unit Shortfall Charge--General) Act 2011 4

Part 2--Amendments 5

A New Tax System (Goods and Services Tax) Act 1999 5

Anti-Money Laundering and Counter-Terrorism Financing Act 2006 6

Australian National Registry of Emissions Units Act 2011 6

Australian Securities and Investments Commission Act 2001 14

Clean Energy Regulator Act 2011 15

Corporations Act 2001 18

Fuel Tax Act 2006 19

Fuel Tax (Consequential and Transitional Provisions) Act 2006 26

Income Tax Assessment Act 1997 26

National Greenhouse and Energy Reporting Act 2007 30

Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 41

Petroleum Resource Rent Tax Assessment Act 1987 42

Taxation Administration Act 1953 42

Part 3--Application and transitional provisions 43

Division 1--Preliminary 43

Division 2--Provisions relating to the Clean Energy Act 2011 and associated charge Acts 45

Division 3--Provisions relating to other Acts 53

Division 4--Miscellaneous 60

Division 5--Transitional provisions commencing on Royal Assent 61

Part 4--Jobs and Competitiveness Program 64

Division 1--Preliminary 64

Division 2--Reporting requirements 65

Division 3--Issue of additional free carbon units 66

Division 4--True-up shortfalls 67

Division 5--Collection of levy 69

Division 6--Miscellaneous 70

Schedule 2--Carbon tax price reduction obligation 71

Competition and Consumer Act 2010 71

Schedule 3--Repeal of tax offset for conservation tillage 102

Clean Energy (Consequential Amendments) Act 2011 102

Income Tax Assessment Act 1997 102

Schedule 4--Repeal of the Steel Transformation Plan Act 2011 103

Steel Transformation Plan Act 2011 103

Schedule 5--Australian Renewable Energy Agency's finances 104

Australian Renewable Energy Agency Act 2011 104

Commonwealth Numbered Acts

CLEAN ENERGY LEGISLATION (CARBON TAX REPEAL) ACT 2014 (NO. 83, 2014) - NOTES