Wednesday, 23 May 2012
Clean Energy (Excise Tariff Legislation Amendment) Bill 2012; Second Reading
That this bill be now read a second time.
This bill is also part of a package of bills amending certain aspects of the Clean Energy Future plan. As announced in the 2012-13 budget, compressed natural gas used for non-transport purposes will be now included in the carbon pricing mechanism from 1 July 2012.
This changes the originally proposed treatment of compressed natural gas, which was to be subject to the effective carbon price using the fuel tax system. This bill will amend the Excise Tariff Act 1921 by repealing amendments made by the original Clean Energy legislation package. This will ensure non-transport use of compressed natural gas is exempt from excise duty.
Full details of the Clean Energy (Excise Tariff Legislation Amendment) Bill 2012 are contained in the explanatory memorandum I have submitted. I commend this bill to the House.