Important dates

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The Clean Energy Act 2011 has been repealed.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.

This table summarises important carbon pricing mechanism steps and deadlines.

Deadline Requirement

30 April
(fixed price years only)

Nominate operational control for the first nine months of the financial year, if required.

For more information, see Step 1: Confirm operational control or transfer liability.

1 May
(fixed price years only)

Register to report under the NGER Act if:

  • you are likely to be a liable entity and have an interim emissions number for the financial year, and
  • you are not already registered under the NGER Act.

For more information, see Step 3: Register under the NGER Act.

15 June
(fixed price years only)

Report interim emissions numbers (if any), if you are registered.

Purchase carbon units to meet liability.

Surrender eligible units covering interim emissions numbers to avoid a unit shortfall.

Note: 15 June is the last day for reporting interim emissions numbers and surrendering units to acquit liability. It is strongly recommended that liable entities report and purchase any additional units that will need to be surrendered, and initiate surrender well before this date to ensure all transactions are processed before the statutory deadline.

For more information, see Step 2: Apply for an ANREU account.

15 June + five business days
(fixed price years only)

Pay unit shortfall charge if you have not surrendered enough units to cover interim emissions numbers. Late payment penalties start to accrue.

For more information, see pay unit shortfall charge if required.

31 August

Nominate operational control if required.

Register:

  • if you are a liable entity for the previous financial year, and
  • you are not registered.

1 September to the following 1 February

Buy-back of free units issued through industry assistance programs is available.

For more information, see Buy-back.

31 October

Report provisional emissions numbers and emission number for the previous financial year.

National Greenhouse and Energy Reports due (controlling corporations that are also liable entities are not required to report the same information twice).

For more information, see Step 4: Report emissions under the NGER scheme.

Jobs and Competitiveness applications due.

For more information, see industry assistance.

1 February

Purchase carbon units to meet liability if necessary.

Surrender units to cover emissions number.

Note: 1 February is the last day for surrendering units to acquit liability. It is strongly recommended that liable entities purchase any additional units that will need to be surrendered, and initiate surrender well before this date to ensure all transactions are processed before the statutory deadline.

For more information, see Step 5: Meet liability by acquiring and surrendering required units.

1 February + five business days

Pay unit shortfall charge if you have not surrendered enough units to cover your emissions. Late payment penalties start to accrue.

For more information, see pay unit shortfall charge if required.

1 February

Free carbon units issued in under the industry assistance program with a vintage year that is a fixed charge year ending the previous 30 June must be surrendered or sold back to the Clean Energy Regulator by this date. Otherwise such units will be cancelled.

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