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
This estimate is considered preliminary as certain emitters are not required to report in interim emissions reports, and emitters may base their interim report on the previous year's emissions. Information on actual 2012-13 emissions will become available following the final emissions reporting in October 2013. This estimate does not include the equivalent carbon taxes on liquid fuels or synthetic greenhouse gases.
While modelling undertaken for the Strong Growth, Low Pollution update report provides a robust picture of the Clean Energy Package at an aggregate industry and macroeconomic level, it does not capture the impacts of those programs and measures that had not been finalised at the time the modelling task was undertaken in September 2011. While impacts on the CPI were estimated, changes in producer prices were not. Similarly impacts on investment and capital stock were estimated at the national level. For more details see
http://carbonpricemodelling.treasury.gov.au/carbonpricemodelling/content/update/Modelling_update.asp.
These estimates exclude the costs of complying with assistance arrangements, including the Jobs and Competitiveness Program, which were included in the total figure of $94.8 million set out in the earlier Options Stage RIS, as these costs are incurred voluntarily by applicants. They include the costs of complying with price monitoring arrangements which, as noted above, are uncertain but non-ongoing.
In keeping with the Victorian approach to measuring compliance costs and the methodology used in the Business Cost Calculator, the cost categories used to analyse administrative costs included: education/capacity building; enforcement; monitoring/record keeping; reporting/notification; and internal assurance (sub-set of reporting/notification). The costs of external assurance/verification are discussed later in the RIS.
Source: ABS Cat. No. 6302.0 - Average Weekly Earnings, Australia, May 2013.
These estimates exclude the costs of complying with assistance arrangements, including the Jobs and Competitiveness Program, as these costs are incurred voluntarily by applicants. They include the costs of complying with price monitoring arrangements which, as noted above, are uncertain but non-ongoing.
Contingent administrative costs are those that would only be incurred if a business was subject to an ACCC price monitoring notice.
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