Item

Provision

Modification

1

section 4

Omit the section.

2

section 5 (definitions of average carbon unit auction price , benchmark average auction charge , carbon pollution cap , carbon pollution cap number , designated limit , and designated limit percentage)

Omit the definitions.

3

section 5 (definition of eligible financial year)

Omit the definition, substitute:

eligible financial year means:

(a) the financial year beginning on 1 July 2012; or

(b) the financial year beginning on 1 July 2013.

4

section 5 (definition of fixed charge year)

Omit the definition, substitute:

fixed charge year means:

(a) the financial year beginning on 1 July 2012; or

(b) the financial year beginning on 1 July 2013.

5

section 5 (definitions of flexible charge year and per-tonne carbon price equivalent)

Omit the definitions.

6

section 5 (definition of unit shortfall)

Omit “128, 129 or 133”, substitute “128 or 129”.

7

section 5 (definition of vintage year)

Omit “eligible”.

8

Part 2

Omit the Part.

9

subsections 26(2), 27(2) and 28(2)

Omit all the words after “is taken to be”, substitute “zero”.

10

Subdivision A of Division 4 of Part 3

The Regulator must not issue an OTN under the Subdivision on or after 1 July 2014.

11

sections 42 and 43

Omit the sections.

12

section 43A

The section ceases to have effect at the end of 30 June 2015.

13

subsection 45(3)

The subsection ceases to have effect at the end of 30 June 2015.

14

subsections 45(4) to (13)

The subsections cease to have effect at the start of 1 September 2014.

15

subsection 46(1)

The subsection has effect, on and after 1 September 2014, as if the words “(as it stood at a particular time before the start of 1 September 2014)” were inserted after “OTN Register”.

16

section 47

The section ceases to have effect at the start of 1 August 2014.

17

section 64B

Omit the section.

18

paragraph 64F(1)(b)

Omit the paragraph.

19

subsection 66(4)

The subsection ceases to have effect at the start of 1 August 2014.

20

section 70

The Regulator must not make a declaration under the section on or after 1 July 2014.

21

section 71A

Omit the section.

22

section 72

The Regulator must not give a notice under the section on or after 1 July 2014.

24

section 83

The Regulator must not issue a certificate under the section on or after 1 July 2014.

25

section 87

The Regulator must not issue a certificate under the section on or after 1 July 2014.

26

sections 89 and 90

Omit the sections.

27

section 93

Omit the section.

28

subsection 96(2)

Omit “eligible”.

29

section 97 (note)

Omit the note.

30

subsection 100(1) (table items 5, 6, 7, 8 and 9)

Omit the table items.

31

subsection 100(2)

Omit the subsection.

32

subsection 100(3) (heading)

Omit “1, 3 and 5”, substitute “1 and 3”.

33

subsection 100(3)

Omit “1, 3 or 5”, substitute “1 or 3”.

34

subsection 100(4) (heading)

Omit “2, 4, 6, 7, 8 and 9”, substitute “2 and 4”.

35

subsection 100(4)

Omit “2, 4, 6, 7, 8 or 9”, substitute “2 or 4”.

36

subsections 100(9), (14) and (15)

Omit the subsections.

37

sections 101 and 102

Omit the sections.

38

sections 108 and 109

Omit the sections.

39

section 114

Omit the section.

40

Division 1 of Part 6

Omit the Division.

41

subsection 122(1)

Omit “during an eligible financial year”.

42

subsections 122(3), (4), (5), (9) and (11)

Omit the subsections.

43

sections 123 and 123A

Omit the sections.

44

paragraph 128(7)(d)

Before “this Division”, insert “if the eligible financial year began on 1 July 2012 - “.

45

Subdivision B of Division 3 of Part 6

Omit the Subdivision.

46

subsection 134(3)

Omit the subsection.

47

subsection 134A(3) (paragraph (b) of the definition of applicable amount for the financial year)

Omit the paragraph.

48

paragraphs 142(3)(c), (e) and (f)

Omit the paragraphs.

48A

section 144

Omit the section.

49

paragraph 145(5)(b)

Omit the paragraph.

50

paragraph 145(5)(c)

Omit the paragraph, substitute:

(c) the principle that changes should not have a negative effect on recipients of assistance under the Jobs and Competitiveness Program;

51

Division 5 of Part 7

Omit the Division.

52

section 160

Omit the section.

53

paragraphs 161(2)(b) and (c)

Omit the paragraphs.

54

subsection 161(3)

Omit the subsection.

55

subsection 161(4)

Omit “or (3)”.

56

subsection 161(5)

Omit “a later”, substitute “an”.

57

subsections 161(6), (7), (8) and (9)

Omit “or (3)”.

58

Part 9

The Part ceases to have effect at the end of 30 June 2015.

59

Division 3 of Part 9

Omit the Division.

60

sections 196 and 196A

Omit the sections.

61

subsections 197(3) to (6)

Omit the subsections.

62

section 199

After “each quarter”, insert “that ends on or before 31 March 2015”.

63

section 200

Omit the section.

64

subsection 212(2) (subparagraph (d)(ii) of the definition of prescribed amount for the financial year in which the compliance deadline occurs)

Omit the subparagraph.

65

subsection 212(3) (subparagraph (d)(ii) of the definition of prescribed amount for the financial year in which the compliance deadline occurs)

Omit the subparagraph.

66

Part 12

Omit the Part.

67

paragraphs 262(1)(ma), (r), (u) and (v) and 263(2)(g), (i) and (j)

Omit the paragraphs.

68

section 281 (table items 3, 4, 5, 7, 8, 11, 12, 13 and 16)

Omit the table items.

69

Part 22

Omit the Part.

70

subparagraph 295(d)(iii)

Omit the subparagraph.

71

subparagraph 295(e)(ii)

Omit the subparagraph.

72

subparagraph 295(i)(iii)

Omit the subparagraph.

73

sections 303A and 303B

Omit the sections.