Senate debates
Monday, 30 November 2009
Carbon Pollution Reduction Scheme Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]; Australian Climate Change Regulatory Authority Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Customs) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Excise) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — General) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) (Consequential Amendments) Bill 2009 [No. 2]; Excise Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Customs Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 [No. 2]
In Committee
3:37 pm
Christine Milne (Tasmania, Australian Greens) Share this | Hansard source
Thank you. Now we are getting somewhere on that. It says that if a landholder applies for CPRS permits for an area of regrowth forest, or whatever, that was on deforested land, the permits will only be issued after the abatement is demonstrated. How many years after you plant is abatement to be demonstrated?
Secondly, there will be an insurance buffer in case it burns down, dies or is under insect attack, which will be withheld by the government. You said that the amount that will be paid takes into account the possible loss. Does that mean that there is a calculation of the total amount and then a percentage of that is withheld over time? Is that basically what you are saying?
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