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Tuesday, 23 August 2011
Page: 9053

Mr DREYFUS (IsaacsCabinet Secretary and Parliamentary Secretary for Climate Change and Energy Efficiency) (17:12): I move:

That the amendments be agreed to.

I will briefly explain the small amendments to this bill, the Australian National Registry of Emissions Units Bill 2011. The first is to clause 66. It is a technical correction which makes an amendment to replace the reference to 'Australian carbon credit' units with a reference to 'non-Kyoto international emissions' units. The second is a short amendment to clause 82 which ensures that decisions made under section 36 of the act are included in the list of renewable decisions.

It is very pleasing to have reached the end, it would appear, of consideration of these three bills. We would hope that, with the support of the House, this set of legislation is going to come into effect soon. It will provide very extensive opportunities to Australian landowners and landholders across the country to participate in the emissions reduction task that we have as a nation and, in doing so, to earn carbon credits which will provide a stream of income for those landholders who choose—it is voluntary—to embark on emissions reductions or sequestration projects on their land.