Joint ventures

Carbon pricing mechanism repeal

The Clean Energy Act 2011 has been repealed. This abolishes the carbon pricing mechanism from 1 July 2014. Liable entities must still meet their carbon price obligations for the 2013-14 financial year.

Content on the Clean Energy Regulator website will be progressively updated to reflect these changes. More information can be found on the carbon pricing mechanism repeal page.

The information below applies to reporting obligations under the NGER Act 2007 and obligations under the Clean Energy Act 2011 for the 2012-13 and 2013-14 financial years, including the obligation to report by 31 October 2014 and to acquire and surrender sufficient units by the final surrender deadline of 2 February 2015 or pay a unit shortfall charge.

Where an unincorporated joint venture has a facility covered under the Clean Energy Act 2011, specific rules apply to the treatment of liability for that facility's emissions. These rules depend on whether or not there is a clear operator of the facility.

An entity is liable for a share of the emissions of a facility if:

  • they are a participant in an unincorporated joint venture which has a facility and it is not clear who has operational control of the facility—this is a mandatory designated joint venture, or
  • they are a participant in an unincorporated joint venture which has a facility operated exclusively for the joint venture (by the entity or by someone else), where none of the participants are individuals and we have declared the joint venture a declared designated joint venture.

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