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Carbon Pollution Reduction Scheme Bill 2009 [No. 2]

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The Parliament of the

Commonwealth of Australia








Carbon Pollution Reduction Scheme Bill 2009 [No. 2]




(1)     Page 143 (after line 23), after Subdivision C, insert:

Subdivision CA—Commissions payable in relation to trading of Australian emissions units

103AA  Commissions payable in relation to trading of Australian emissions units

                   A person must not charge a commission greater than 0.01% of the gross selling price in relation to the trading or auction of an Australian emissions unit.

(2)     Page 451 (after line 23), at the end of Part 25, add:

Division 5—Auditor-General’s report

373A  Additional function and report of the Auditor-General

             (1)  The following is an additional function of the Auditor-General:

                   Assessing the adequacy, reliability and comprehensiveness of Australian Government statistical and analytical reporting on the economic and environmental costs and benefits of the CPRS, including but not limited to:

                     (a)  direct outlays;

                     (b)  indirect outlays (tax expenditures);

                     (c)  agency reports (by agencies including, but not limited to, the Australian Taxation Office, the Australian Bureau of Agricultural and Resource Economics and the Australian Bureau of Statistics);

                     (d)  the intergenerational report; and

                     (e)  Council of Australian Governments reports.

             (2)  That within 4 years of Royal Assent, or by 2014, whichever is the earlier, the Auditor General present a report to each House of the Parliament assessing the matters specified in subsection (1).

[report of the Auditor-General]