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Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]

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5862

2008-2009

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]

 

(1)     Clause 2, page 2 (after table item 7), insert:

7A.  Schedule 1, Part 2A

1 July 2012.

1 July 2012

[consequential - facility reporting threshold]

(2)     Schedule 1, page 5 (after line 11), after item 5, insert:

5A  Section 9 (after paragraph (ma) of the definition of managed investment scheme )

Insert:

                  (mb)  a scheme that relates to forestry operations of any kind;

[forestry operations excluded from managed investment schemes]

(3)     Schedule 1, page 56 (after line 3), after item 183, insert:

183A  Subsection 24(1A)

Omit “This subsection is subject to subsection 25(3).”.

[publishing information]

(4)     Schedule 1, page 56 (after line 3), after item 183, insert:

183B  After subsection 24(1A)

Insert:

    (1AAA)  In addition to publishing the totals for the corporation’s group, the Authority must also publish on the website, in the case of a facility under the operational control of a member of the group and the individual operation of which meets a threshold mentioned in paragraph 13(1)(d) for a financial year:

                     (a)  the greenhouse gas emissions that are scope 1 emissions; and

                     (b)  the greenhouse gas emissions that are scope 2 emissions; and

                     (c)  the energy consumption;

reported in relation to the facility under Part 3 or 3D.

     (1AAB)  In addition to publishing the matters mentioned in subsection (1AAA), the Authority may also publish on the website:

                     (a)  the methods mentioned in paragraph 19(6)(b) or 22E(2)(b) that were used to measure the values for the facility concerned; and

                     (b)  the rating given to each of those methods under the determination under subsection 10(3).

[publishing information]

(5)     Schedule 1, page 56 (after line 22), after item 184, insert:

184A  Subsection 24(1B)

Repeal the subsection, substitute:

Limitations

          (1B)  The Authority must not publish information mentioned in:

                     (a)  subsection (1)—unless the corporation’s group meets a threshold mentioned in paragraph 13(1)(a) for the financial year covered by the report; or

                     (b)  subsection (1AAA)—unless the facility meets a threshold mentioned in paragraph 13(1)(d) for the financial year covered by the report.

[publishing information]

(6)     Schedule 1, page 56 (after line 22), after item 184, insert:

184B  Subsection 24(1C)

Repeal the subsection.

[publishing information]

(7)     Schedule 1, page 56 (after line 22), after item 184, insert:

184C  Subsection 24(2)

Omit “This subsection is subject to subsection 25(3).”.

[publishing information]

(8)     Schedule 1, page 56 (after line 22), after item 184, insert:

184D  Subsection 24(3)

Omit “This subsection is subject to subsection 25(3).”.

[publishing information]

(9)     Schedule 1, items 186 and 187, page 56 (lines 26 to 30), omit the items, substitute:

186  Section 25

Repeal the section.

[publishing information]

(10)   Schedule 1, page 73 (after line 15), after Part 2, insert:

Part 2A—Amendment relating to facility reporting threshold

National Greenhouse and Energy Reporting Act 2007

226A  Subparagraph 13(1)(d)(i)

Omit “25 kilotonnes”, substitute “10 kilotonnes”.

226B  Application

To avoid doubt, the amendment of subparagraph 13(1)(d)(i) of the National Greenhouse and Energy Reporting Act 2007 made by this Part applies in relation to a threshold for:

                     (a)  the financial year beginning on 1 July 2012; or

                     (b)  a later financial year.

[facility reporting threshold]

(11)   Schedule 2, page 76 (after line 17), after item 9A, insert:

9B  Subdivision 40-J

Repeal the Subdivision.

[removal of tax deductions for establishment of carbon sink forests]

(12)   Schedule 2, item 19, page 83 (lines 25 to 31), omit subsection 420-15(3).

[consequential on amts (39) and (49) to main bill]

(13)   Schedule 2, item 19, page 83 (line 32) to page 84 (line 6), omit subsection 420-15(4).

[consequential on amt (50) to main bill]

(14)   Schedule 2, item 19, page 100 (lines 2 to 9), omit subsection 420-65(3).

[consequential on amts (39) and (49) to main bill]

(15)   Schedule 2, item 19, page 100 (lines 10 to 19), omit subsection 420-65(4).

[consequential on amt (50) to main bill]

(16)   Schedule 2, item 19, page 101 (lines 18 to 27), omit subsection 420-70(3), substitute:

             (3)  An amount is not to be included in your assessable income under any provision of this Act outside this Division because an * Australian emissions unit was issued to you in accordance with Part 11 (destruction of synthetic greenhouse gases) of the Carbon Pollution Reduction Scheme Act 2009 .

[consequential on amts (39), (49) and (50) to main bill]