The Australian Government will abolish the carbon tax from 1 July 2014. This will lower costs for Australian businesses and ease cost of living pressures for households.
The Australian Government has released exposure drafts of legislation to repeal the carbon tax, which have been prepared by the Department of the Environment and the Treasury. The exposure draft bills are available at www.environment.gov.au/carbon-tax-repeal.
The purpose of this consultation process is to:
- identify any technical issues with the draft carbon tax repeal bills; and
- identify and manage transitional issues for liable businesses and other entities.
This consultation paper explains how the Government will repeal the carbon tax, including a detailed explanation of specific provisions necessary to do this. The Government encourages submissions by 5pm on Tuesday 29 October 2013.
Submissions on the draft carbon tax repeal bills are due by no later than 5pm on Monday 4 November 2013. The Government encourages submissions by 5pm on Tuesday 29 October 2013.