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Tuesday, 13 September 2011
Page: 9865

Mr COMBET (CharltonMinister for Climate Change and Energy Efficiency) (13:20): I move:

That this bill be now read a second time.

This bill imposes the charge payable, under the carbon pricing mechanism, by a person to the Commonwealth for a unit shortfall as a tax within the meaning of section 55 of the Constitution.

The bill imposes the charge, but only to the extent the charge is neither a duty of customs nor a duty of excise.

A liable entity is under no obligation to pay a unit shortfall charge if it can surrender sufficient units to meet its liability under the mechanism. I commend the bill to the House.

Debate adjourned.