House debates Bills
True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2013 [No. 2]; Second Reading
Greg Hunt Flinders, Liberal Party, Minister for the Environment
12:14 pm
I move:
That this bill be now read a second time.
Together, this bill, the True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Bill 2013, and the Clean Energy Legislation (Carbon Tax Repeal) Bill 2013 ensure that final assistance allocations under the Jobs and Competitiveness Program are accurate so that businesses are not over- or under-allocated assistance in 2013-14.
This bill imposes a levy which recovers the value of over allocated free carbon permits received under the Jobs and Competitiveness Program for the 2013-14 financial year.
For constitutional reasons, this bill imposes the levy to the extent that it is not a duty of customs or excise. I commend the bill to the House.
Debate adjourned.