Greg Combet (Charlton, Australian Labor Party, Minister for Climate Change and Energy Efficiency) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

This bill is part of the clean energy legislative package, which sets up the carbon-pricing mechanism as part of the government's climate change plan.

It will establish, through the fuel tax system, a cent-for-cent impact on aviation and non-transport compressed natural gas equivalent to the price on the carbon content of the transport fuels they use.

This bill will amend the Customs Tariff Act 1995 to increase aviation fuel excise equivalent customs duty by an amount reflecting the price on the carbon emissions of the fuel had aviation fuel emissions been liable emissions under the carbon-pricing mechanism.

The amendments will also apply excise equivalent customs duty for non-transport compressed natural gas on a cent-for-cent basis equivalent to the carbon emission price on the fuel had compressed natural gas emissions been liable emissions under the carbon-pricing mechanism.

Full details of the Clean Energy (Customs Tariff Amendment) Bill are contained in the explanatory memorandum. I commend the bill to the House.

Debate adjourned.