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Safeguard Mechanism (Crediting) Amendment Bill 2022

2022

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Safeguard Mechanism (Crediting) Amendment Bill 2022

 

No.      , 2022

 

(Climate Change, Energy, the Environment and Water)

 

 

 

A Bill for an Act to amend legislation relating to emissions reductions, and for related purposes

   

   



Contents

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

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

3............ Schedules............................................................................................ 2

Schedule 1—Safeguard mechanism                                                                            3

Part 1—Amendment of the National Greenhouse and Energy Reporting Act 2007          3

National Greenhouse and Energy Reporting Act 2007                                          3

Part 2—Amendment of the Income Tax Assessment Act 1997             29

Income Tax Assessment Act 1997                                                                            29

Part 3—Application of amendments                                                                    30

Schedule 2—Australian National Registry of Emissions Units                32

Australian National Registry of Emissions Units Act 2011                                 32

Carbon Credits (Carbon Farming Initiative) Act 2011                                       45

Schedule 3—Clean Energy Regulator                                                                     46

Clean Energy (Consequential Amendments) Act 2011                                        46

Clean Energy Regulator Act 2011                                                                           46

National Greenhouse and Energy Reporting Act 2007                                        46

Schedule 4—Other amendments                                                                                 49

Carbon Credits (Carbon Farming Initiative) Act 2011                                       49

 

 



A Bill for an Act to amend legislation relating to emissions reductions, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Safeguard Mechanism (Crediting) Amendment Act 2022 .

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

Provisions

Commencement

Date/Details

1.  The whole of this Act

The day after this Act receives the Royal Assent.

 

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   Schedules

                   Legislation 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.