House debates Bills
Clean Energy (Unit Shortfall Charge — General) Bill 2011; Second Reading
Greg Combet Charlton, Australian Labor Party, Minister for Climate Change and Energy Efficiency
1:20 pm
I move:
That this bill be now read a second time.
This bill imposes the charge payable, under the carbon pricing mechanism, by a person to the Commonwealth for a unit shortfall as a tax within the meaning of section 55 of the Constitution.
The bill imposes the charge, but only to the extent the charge is neither a duty of customs nor a duty of excise.
A liable entity is under no obligation to pay a unit shortfall charge if it can surrender sufficient units to meet its liability under the mechanism. I commend the bill to the House.
Debate adjourned.
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