Commonwealth Numbered Acts

CLEAN ENERGY LEGISLATION (CARBON TAX REPEAL) ACT 2014 (NO. 83, 2014) - SCHEDULE 4

Steel Transformation Plan Act 2011

1  The whole of the Act

Repeal the Act .

Note:       On the repeal of the Act, the Steel Transformation Plan 2012 (which was made under Part 3 of the Act) will also cease to have effect.

2  Effect of repeal

(1)       To avoid doubt:

                     (a)  no assistance is payable under the old Act or the old Plan after the commencement of this Schedule, including in respect of the half-year ending on 30 June 2014; and

                     (b)  a return is not required to be (and cannot be) provided under Part 4 of the old Plan in respect of the half-year ending on 30 June 2014 (or any later half-year); and

                     (c)  the following conditions cease to have effect on the commencement of this Schedule:

                              (i)  conditions to which payments of competitiveness assistance advances under the old Act were subject;

                             (ii)  conditions to which registrations of corporations under the old Plan as STP participants were subject; and

                     (d)  the Department's annual report for the financial year ending on 30 June 2014 (or any later financial year) is not required to comply with section 26 of the old Act.

(2)       In this item:

old Act means the Steel Transformation Plan Act 2011 .

old Plan means the Steel Transformation Plan 2012 made under Part 3 of the old Act.