Martin Ferguson (Batman, Australian Labor Party, Minister for Resources and Energy) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

The ACIS Administration Amendment (Application) Bill 2009 confirms that the commencement date for the ACIS Administration Amendment Act 2009 is 1 January 2010.

The government’s New Car Plan for a Greener Future committed to providing the motor vehicle producers with a smooth transition to the new Automotive Transformation Scheme by providing increased assistance under ACIS in 2010. It was also the government’s decision that this additional assistance be conditional on the enactment of the Automotive Transformation Scheme Act 2009, which occurred on 29 September 2009.

The amendment corrects the unintended consequence arising from the link between the ACIS Administration Amendment Act 2009 and the commencement of the Automotive Transformation Scheme Act 2009.

This bill clarifies that the commencement date for the ACIS act is 1 January 2010.

The amendments to the ACIS Administration Amendment Act 2009 also include an application provision to make it explicit that additional assistance to be provided to the motor vehicle producers is limited to their production of motor vehicles, engines and engine components from 1 January 2010. It removes any uncertainty that the new provisions could be applied to production of motor vehicles, engines and engine components undertaken in the final three months of 2009 for which duty credits will be issued in the first three months of 2010.

I commend the bill to the House.

Debate (on motion by Mr Haase) adjourned.