Carbon pricing mechanism repeal
The Clean Energy Legislation (Carbon Tax Repeal) Act 2014 repealed the Clean Energy Act 2011. This abolishes the carbon pricing mechanism from 1 July 2014.
The repeal has no effect on reporting obligations for controlling corporations, reporting transfer certificate holders and responsible members under sections 19, 22G and 22X of the National Greenhouse and Energy Reporting Act 2007 (NGER Act).
Liable entities must still meet their carbon price obligations for the 2013-14 financial year, including reporting their emissions number to the Clean Energy Regulator under section 22A of the NGER Act by 31 October 2014, and acquitting their final carbon price liability for 2013-14 by 2 February 2015.
The National Greenhouse and Energy Reporting Act 2007 (NGER Act) introduced a single national framework for reporting and disseminating company information about greenhouse gas emissions, energy production, energy consumption and other information specified under NGER legislation.
The objectives of the NGER Act are to:
- inform government policy
- inform the Australian public
- help meet Australia’s international reporting obligations
- assist Commonwealth, state and territory government programs and activities, and
- avoid duplication of similar reporting requirements in the states and territories.
Important annual dates for the NGER scheme
||Start of the reporting year for the NGER scheme|
||End of the reporting year for the NGER scheme|
||NGER registration applications are due (corporations only need to register once, for the first year they trigger a threshold)|
||NGER reports are due|
||We publish an extract of the NGER register and data for the previous (financial year) reporting period|
The NGER data privacy statement applies to information we collect for the purposes of the NGER Act. We are also bound by the secrecy provisions in Part 3 of the Clean Energy Regulator Act 2011 in relation to information we collect for the purposes of the NGER Act.