Senate
Clean Energy Legislation (Carbon Tax Repeal) Bill 2014
True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014
True-up Shortfall Levy (General) (Carbon Tax Repeal) Act 2014
True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Bill 2014
True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Act 2014
Customs Tariff Amendment (Carbon Tax Repeal) Bill 2014
Customs Tariff Amendment (Carbon Tax Repeal) Act 2014
Excise Tariff Amendment (Carbon Tax Repeal) Bill 2014
Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Carbon Tax Repeal) Bill 2014
Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Carbon Tax Repeal) Act 2014
Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) Bill 2014
Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) Act 2014
Revised Explanatory Memorandum
(Circulated by the authority of the Minister for the Environment, the Hon Greg Hunt MP and the Treasurer, the Hon J.B. Hockey MP)THIS MEMORANDUM TAKES ACCOUNT OF AMENDMENTS MADE BY THE HOUSE OF REPRESENTATIVES TO THE BILLS AS INTRODUCED
Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| 2013 Carbon Tax Repeal Bills | Clean Energy Legislation (Carbon Tax Repeal) Bill 2013
True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2013 True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Bill 2013 Customs Tariff Amendment (Carbon Tax Repeal) Bill 2013 Excise Tariff Amendment (Carbon Tax Repeal) Bill 2013 Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Carbon Tax Repeal) Bill 2013 Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) Bill 2013 |
| ACCC | Australian Competition & Consumer Commission |
| ACCU | Australian carbon credit unit |
| ACL | Australian Consumer Law |
| ANREU Act | Australian National Registry of Emissions Units Act 2011 |
| Anti-Money Laundering Act | Anti-Money Laundering and Counter Terrorism Financing Act 2006 |
| ARENA | Australian Renewable Energy Agency |
| ARENA Act | Australian Renewable Energy Agency Act 2011 |
| ASIC | Australian Securities & Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| ATO | Australian Taxation Office |
| Carbon Tax Repeal Bills | Clean Energy Legislation (Carbon Tax Repeal) Bill 2014
True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014 True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Bill 2014 Customs Tariff Amendment (Carbon Tax Repeal) Bill 2014 Excise Tariff Amendment (Carbon Tax Repeal) Bill 2014 Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Carbon Tax Repeal) Bill 2014 Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) Bill 2014 |
| CC Act | Competition and Consumer Act 2010 |
| CCA | Climate Change Authority |
| CCA Act | Climate Change Authority Act 2011 |
| CE Act | Clean Energy Act 2011 |
| CE Regulations | Clean Energy Regulations 2011 |
| CE Charges Acts | Clean Energy (Unit Shortfall Charge - General) Act 2011;
Clean Energy (Unit Issue Charges - Fixed Charge) Act 2011; Clean Energy (Unit Issue Charges - Auctions) Act 2011; Clean Energy (Charges-Excise) Act 2011; and Clean Energy (Charges-Customs) Act 2011. |
| Clean Energy Legislation | Clean Energy Act 2011;
Clean Energy Regulator Act 2011; Climate Change Authority Act 2011; Clean Energy (Consequential Amendments) Act 2011; Clean Energy (Unit Shortfall Charge - General) Act 2011; Clean Energy (Unit Issue Charges - Fixed Charge) Act 2011; Clean Energy (Unit Issue Charges - Auctions) Act 2011; Clean Energy (Charges-Excise) Act 2011; Clean Energy (Charges-Customs) Act 2011; Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment Act 2011; Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment Act 2011; Clean Energy (Customs Tariff Amendment) Act 2011; Clean Energy (Excise Tariff Legislation Amendment) Act 2011; Clean Energy (Fuel Tax Legislation Amendment) Act 2011; Clean Energy (Household Assistance Amendments) Act 2011; Clean Energy (Income Tax Rates Amendments) Act 2011; Clean Energy (Tax Laws Amendments) Act 2011; Clean Energy Legislation Amendment Act 2012; and Clean Energy Amendment (International Emissions Trading and Other Measures) Act 2012. |
| Corporations Act | Corporations Act 2001 |
| Customs | Australian Customs & Border Protection Service |
| Customs Amendment Bill | Customs Tariff Amendment (Carbon Tax Repeal) Bill 2014 |
| Excise Amendment Bill | Excise Tariff Amendment (Carbon Tax Repeal) Bill 2014 |
| Fuel Tax Act | Fuel Tax Act 2006 |
| FTCs | Fuel tax credits |
| GST | Goods & services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| JCP | Jobs & Competitiveness Program |
| Main Repeal Bill | Clean Energy Legislation (Carbon Tax Repeal) Bill 2014 |
| NGERS | National Greenhouse & Energy Reporting Scheme |
| NGER Act | National Greenhouse and Energy Reporting Act 2007 |
| Opt-in scheme | The Opt-in scheme allows a person to apply to have the potential emissions embodied in the liquid fuel that they use directly covered by the carbon tax, rather than paying an equivalent carbon price through the fuel tax credits system, or through excise or excise equivalent customs duty. |
| Ozone Manufacture Amendment Bill | Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Carbon Tax Repeal) Bill 2014 |
| Ozone Import Amendment Bill | Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) Bill 2014 |
| Ozone Management Act | Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 |
| Ozone (Import Levy) Act | Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995 |
| Ozone (Manufacture Levy) Act | Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995 |
| PRRTA Act | Petroleum Resource Rent Tax Assessment Act 1987 |
| Registry | Australian National Registry of Emissions Units |
| Regulator | Clean Energy Regulator |
| Regulator Act | Clean Energy Regulator Act 2011 |
| SGG | Synthetic greenhouse gas |
| STP | Steel Transformation Plan |
| STP Act | Steel Transformation Plan Act 2011 |
| TAA 1953 | Taxation Administration Act 1953 |
| Tax Commissioner | Commissioner of Taxation |
| True-up Shortfall Levy Bills | True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014; and
True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Bill 2014. |