Clean Energy Legislation (Carbon Tax Repeal) Act 2014 (83 of 2014)

Schedule 1   Repeal of the carbon tax

Part 3   Application and transitional provisions

Division 2   Provisions relating to the Clean Energy Act 2011 and associated charge Acts

324   Application - repeal of Charge Acts

Charge for issue of carbon units for a fixed charge

(1) The repeal by this Schedule of the following Acts, so far as they relate to the issue of carbon units in accordance with section 100 of the Clean Energy Act 2011:

(a) the Clean Energy (Charges - Customs) Act 2011;

(b) the Clean Energy (Charges - Excise) Act 2011;

(c) the Clean Energy (Unit Issue Charge - Fixed Charge) Act 2011;

does not apply to the issue of carbon units with a vintage year beginning on 1 July 2012 or 1 July 2013.

Charge for issue of carbon units as a result of an auction

(2) The repeal by this Schedule of the following Acts, so far as they relate to the issue of carbon units as a result of an auction:

(a) the Clean Energy (Charges - Customs) Act 2011;

(b) the Clean Energy (Charges - Excise) Act 2011;

(c) the Clean Energy (Unit Issue Charge - Auctions) Act 2011;

does not apply to the issue of carbon units if the carbon units were issued as a result of an auction conducted before 1 July 2014.

Charge on unit shortfall

(3) The repeal by this Schedule of the following Acts, so far as they relate to a unit shortfall for a financial year:

(a) the Clean Energy (Charges - Customs) Act 2011;

(b) the Clean Energy (Charges - Excise) Act 2011;

(c) the Clean Energy (Unit Shortfall Charge - General) Act 2011;

does not apply to:

(d) a unit shortfall for the financial year beginning on 1 July 2012; or

(e) a unit shortfall for the financial year beginning on 1 July 2013.