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Bills of previous Parliaments

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Clean Energy Amendment (International Emissions Trading and Other Measures) Bill 2012


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Climate Change and Energy Efficiency

Summary

Part of a package of seven bills to link Australia’s carbon pricing mechanism to overseas emissions trading schemes from 1 July 2015, the bill amends the: Clean Energy Act 2011 to: remove the price floor for carbon units by removing the surrender charge on eligible international emissions units and the requirement for a minimum auction reserve price; restrict the quantity of eligible Kyoto units that liable entities can use to discharge their carbon pricing liabilities; provide for the calculation of an equivalent carbon price that reflects liable entities’ cost of compliance under a linking arrangement; increase the limit on advance-auctioned carbon units; prevent units being issued at auction more than three years in advance of their vintage year; change the treatment of relinquished carbon units; and enable regulations to be made to determine how specific circumstances relating to the supply and use of natural gas are treated; Australian National Registry of Emissions Units Act 2011 to enable: European allowance units to be held in the Australian National Registry of Emissions Units; and the Clean Energy Regulator to issue and transfer Australian-issued international units in the event that a direct link with a foreign emissions trading scheme is not possible; Fuel Tax Act 2006 to adjust the calculation of the equivalent carbon price to provide that it remains consistent with the compliance costs of liable entities under the carbon pricing mechanism with linking arrangements; and National Greenhouse and Energy Reporting Act 2007 to enable the minister to determine methods to measure and adjust amounts of designated fuels for the purposes of ascertaining potential greenhouse gas emissions. Also repeals the Clean Energy (International Unit Surrender Charge) Act 2011.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 19/09/12  
Second reading moved 19/09/12  
Second reading debate 10/10/12  
Second reading debate 11/10/12  
Second reading agreed to 11/10/12  
Consideration in detail debate 11/10/12 Amendment details: 2 Government agreed to
Third reading agreed to 11/10/12  
     
Senate
Introduced and read a first time 29/10/12  
Second reading moved 29/10/12  
Second reading debate 21/11/12  
Second reading debate 26/11/12  
Second reading agreed to 26/11/12  
Committee of the Whole debate 26/11/12  
Third reading agreed to 26/11/12  
     
Text of bill as passed both Houses 26/11/12  
Assent 13/12/12 Act no.: 204 of 2012
     

Text of bill

  • First reading

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  • Third reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

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  • Supplementary explanatory memorandum

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  • Replacement explanatory memorandum

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  • Revised explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet BE287]

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  • Non-Government
BANDT, Adam, MP

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Senate
  • Australian Greens [sheet 7319]
MILNE, Sen Christine

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Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (20/09/2012): Senate Economics Legislation Committee; Committee report (29/10/2012)
  • Referred to Committee (20/09/2012): House Standing Committee on Economics; Committee report (10/10/2012)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )