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Clean Energy (Consequential Amendments) Bill 2011

2010-2011

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

Clean Energy (Consequential Amendments) Bill 2011

 

No.      , 2011

 

 

 

 

 

A Bill for an Act to deal with consequential matters arising from the enactment of the Clean Energy Act 2011 , and for other purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 3

Schedule 1—General amendments                                                                               4

Part 1—Amendments commencing at the same time as section 3 of the Clean Energy Act 2011 commences                                                                                                        4

Division 1—Amendments                                                                                           4

Anti-Money Laundering and Counter-Terrorism Financing Act 2006              4

Australian National Registry of Emissions Units Act 2011                                 4

Australian Securities and Investments Commission Act 2001                             6

Carbon Credits (Carbon Farming Initiative) Act 2011                                        6

Competition and Consumer Act 2010                                                                    12

Financial Management and Accountability Regulations 1997                        12

National Greenhouse and Energy Reporting Act 2007                                      12

Ozone Protection and Synthetic Greenhouse Gas Management Act 1989     21

Renewable Energy (Electricity) Act 2000                                                              22

Taxation Administration Act 1953                                                                          24

Division 2—Transitional provisions                                                                        25

Part 2—Amendments commencing on 1 July 2012                                      39

Division 1—Amendments                                                                                         39

Australian National Registry of Emissions Units Act 2011                               39

Australian Securities and Investments Commission Act 2001                           47

Carbon Credits (Carbon Farming Initiative) Act 2011                                      47

Competition and Consumer Act 2010                                                                    49

Corporations Act 2001                                                                                              50

Evidence Act 1995                                                                                                      50

Financial Management and Accountability Regulations 1997                        50

National Greenhouse and Energy Reporting Act 2007                                      51

Ozone Protection and Synthetic Greenhouse Gas Management Act 1989   108

Renewable Energy (Electricity) Act 2000                                                            125

Division 2—Application and transitional provisions                                          127

Schedule 2—Taxation amendments                                                                         131

Part 1—Amendments relating to GST                                                              131

A New Tax System (Goods and Services Tax) Act 1999                                     131

Part 2—Amendments commencing at the same time as section 3 of the Clean Energy Act 2011 commences                                                                                                    132

Income Tax Assessment Act 1936                                                                           132

Income Tax Assessment Act 1997                                                                           132

Income Tax (Transitional Provisions) Act 1997                                                 175

Taxation Administration Act 1953                                                                        177

Part 3—Amendments commencing on 1 July 2015                                    178

Income Tax Assessment Act 1997                                                                           178

Schedule 3—Amendments relating to renewable energy certificates 179

Renewable Energy (Electricity) Act 2000                                                            179

Schedule 4—Amendments relating to the Australian National Registry of Emissions Units       182

Australian National Registry of Emissions Units Act 2011                             182

Schedule 5—Amendments relating to the Carbon Farming Initiative 200

Carbon Credits (Carbon Farming Initiative) Act 2011                                    200

 



A Bill for an Act to deal with consequential matters arising from the enactment of the Clean Energy Act 2011 , and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Clean Energy (Consequential Amendments) Act 2011 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1, Part 1

At the same time as section 3 of the Clean Energy Act 2011 commences.

 

3.  Schedule 1, Part 2

1 July 2012.

1 July 2012

4.  Schedule 2, Part 1

The later of:

(a) the day after the Treasurer announces by notice in the Gazette that the States, the Australian Capital Territory and the Northern Territory have agreed to amendments made by the provision(s); and

(b) the day section 3 of the Clean Energy Act 2011 commences.

A notice under paragraph (a) is not a legislative instrument.

 

5.  Schedule 2, Part 2

At the same time as section 3 of the Clean Energy Act 2011 commences.

 

6.  Schedule 2, Part 3

1 July 2015.

1 July 2015

7.  Schedule 3

The day after this Act receives the Royal Assent.

 

8.  Schedule 4

The later of:

(a) the day this Act receives the Royal Assent; and

(b) the day section 3 of the Australian National Registry of Emissions Units Act 2011 commences.

 

9.  Schedule 5

The later of:

(a) the day this Act receives the Royal Assent; and

(b) the day section 3 of the Carbon Credits (Carbon Farming Initiative) Act 2011 commences.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedule(s)

             (1)  Each Act, and each set of regulations, that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

             (2)  The amendment of any regulation under subsection (1) does not prevent the regulation, as so amended, from being amended or repealed by the Governor-General.