Senate debates
Thursday, 3 November 2011
Bills
Clean Energy Bill 2011, Clean Energy (Charges — Customs) Bill 2011, Clean Energy (Charges — Excise) Bill 2011, Clean Energy (Consequential Amendments) Bill 2011, Clean Energy (Customs Tariff Amendment) Bill 2011, Clean Energy (Excise Tariff Legislation Amendment) Bill 2011, Clean Energy (Fuel Tax Legislation Amendment) Bill 2011, Clean Energy (Household Assistance Amendments) Bill 2011, Clean Energy (Income Tax Rates Amendments) Bill 2011, Clean Energy (International Unit Surrender Charge) Bill 2011, Clean Energy (Tax Laws Amendments) Bill 2011, Clean Energy (Unit Issue Charge — Auctions) Bill 2011, Clean Energy (Unit Issue Charge — Fixed Charge) Bill 2011, Clean Energy (Unit Shortfall Charge — General) Bill 2011, Clean Energy Regulator Bill 2011, Climate Change Authority Bill 2011, Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment Bill 2011, Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment Bill 2011; In Committee
5:16 pm
Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source
I will provide a reference to the EM and we will see if that is of assistance. It is paragraph 6.78 of the EM reads:
To determine the amount of free carbon units that should be allocated for each generation complex on 1 September 2014, the Regulator then must consider how many free carbon units have already been issued for that generation complex (term `A'), and how many units would have been issued for that generation complex but were not due to the operation of various other provisions of the bill (term `B'). [Part 8, clause 161(3)]
It goes on. There is an explanation in the EM on page 186. I could read that out, but I am sure that the senator has it.
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