Senate debates
Monday, 7 November 2011
Bills
Clean Energy Bill 2011, Clean Energy (Consequential Amendments) Bill 2011, Clean Energy (Income Tax Rates Amendments) Bill 2011, Clean Energy (Household Assistance Amendments) Bill 2011, Clean Energy (Tax Laws Amendments) Bill 2011, Clean Energy (Fuel Tax Legislation Amendment) Bill 2011, Clean Energy (Customs Tariff Amendment) Bill 2011, Clean Energy (Excise Tariff Legislation Amendment) Bill 2011, Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment Bill 2011, Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment Bill 2011, Clean Energy (Unit Shortfall Charge — General) Bill 2011, Clean Energy (Unit Issue Charge — Auctions) Bill 2011, Clean Energy (Unit Issue Charge — Fixed Charge) Bill 2011, Clean Energy (International Unit Surrender Charge) Bill 2011, Clean Energy (Charges — Customs) Bill 2011, Clean Energy (Charges — Excise) Bill 2011, Clean Energy Regulator Bill 2011, Climate Change Authority Bill 2011; In Committee
9:19 pm
Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source
The reference, I assume, to prescribed international units is on page 40. This is in relation to the Australian National Registry of Emissions Units Act 2011 and there is a reference in section 3 and onwards relating to prescribed international units. The prescribed international units, as I understand it, Senator—and I will come back to you if my understanding is incorrect—can be used under the Australian system to ensure they are credible. They need to go through a process, and this set of regulation-making powers ensures that there is a process in place which ensures they are credible.
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