2008-2009

 

 

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

 

SENATE

 

 

 

 

 

 

 

 

Renewable Energy (Food Processing Activities) Amendment Bill 2009

 

 

 

EXPLANATORY MEMORANDUM

 

 

 

 

 

 

 

 

 

(Circulated by authority of Senator the Honourable Ron Boswell)

Renewable Energy (Food Processing Activities) Amendment Bill 2009

 

OUTLINE

These amendments require regulations to be made to determine that food processing activities, to the extent they are trade exposed, be given a 90% partial exemption from the additional renewable source electricity acquisition obligation for 2010 and later years.

 

 

FINANCIAL IMPACT

There is no identifiable budgetary impact.

 

 

NOTES ON CLAUSES

Clause 1 - Short title

 

Provides for the Act to be cited as the Renewable Energy (Food Processing Activities) Amendment Act 2009 .

 

Clause 2 - Commencement

This clause provides that the Act commences on the day on which it receives the Royal Assent.

 

Clause 3 - Schedules

Provides that each Act that is specified in a schedule is amended or repealed as set out in the applicable items in the Schedule and that any other item in a Schedule has effect according to its terms.

Schedule 1 - Amendment of the Renewable Energy (Electricity) Act 2000

Item 1  At the end of section 38 B

Add:

                 (2)   The regulations must determine a food processing activity, to the extent that it is trade-exposed, to be an emissions-intensive trade-exposed activity. The partial exemption of an emissions-intensive trade-exposed food processing activity for 2010 and any later year is to be calculated to be equal to 90% of the additional renewable source electricity acquisition obligation of the activity during the relevant year.

                 (3)   In subsection (2):

additional renewable source electricity acquisition obligation means the amount of renewable source electricity that the activity is required to acquire under this Act after the commencement of the Renewable Energy (Electricity) Amendment Act 2009 in addition to the amount of renewable source electricity that the activity was required to acquire under this Act before the commencement of the Renewable Energy (Electricity) Amendment Act 2009 .