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Clean Energy Bill 2011

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7173

2010-2011

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Clean Energy Bill 2011

 

 

(1)     Clause  111 , page 145 (lines 6 to 17) , omit subclause ( 2 ), substitute:

Issue of units

             (2)  The Regulator must not issue one or more carbon units to a person as the result of an auction unless the person has lodged a deposit that relates to the total amount of charges payable for, or imposed on, the issue of the units.

Note:          For rules about deposits, see section 113.

When balance of charge for a unit is payable

          (2A)  The balance of the charge for the issue of a carbon unit is payable in the year corresponding to the vintage year of the carbon unit.

[when charge payable]

( 2 )     Clause 113 , page 149 (after line 25) , after subclause ( 4 ), insert:

          (4A)  A deposit specified under paragraph (2)(n) must not be greater than 10% of the total amount of charges payable for, or imposed on, the issue of carbon units to a person as the result of an auction.

[when charge payable]