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    <preface>
      <p>Clean Energy Legislation (Carbon Tax Repeal) Act 2014</p>
      <p>No. 83, 2014</p>
      <p>
        <b>Compilation No.</b>
        <b> </b>
        <b>2</b>
      </p>
      <p><b>Compilation date:</b><b>	</b>14 October 2024</p>
      <p><b>Includes amendments:</b><b>	</b>Act No. 38, 2024</p>
      <p>
        <b>About this compilation</b>
      </p>
      <p>
        <b>This compilation</b>
      </p>
      <p>This is a compilation of the <i>Clean Energy Legislation (Carbon Tax Repeal) Act 2014</i> that shows the text of the law as amended and in force on 14 October 2024 (the <b><i>compilation date</i></b>).</p>
      <p>The notes at the end of this compilation (the <b><i>endnotes</i></b>) include information about amending laws and the amendment history of provisions of the compiled law.</p>
      <p>
        <b>Uncommenced amendments</b>
      </p>
      <p>The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.</p>
      <p>
        <b>Application, saving and transitional provisions for provisions and amendments</b>
      </p>
      <p>If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.</p>
      <p>
        <b>Editorial changes</b>
      </p>
      <p>For more information about any editorial changes made in this compilation, see the endnotes.</p>
      <p>
        <b>Modifications</b>
      </p>
      <p>If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.</p>
      <p>
        <b>Self</b>
        <b>-</b>
        <b>repealing provisions</b>
      </p>
      <p>If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.</p>
      <p>Contents</p>
      <p>1	Short title	1</p>
      <p>2	Commencement	1</p>
      <p>3	Schedule(s)	2</p>
      <p>Schedule 1—Repeal of the carbon tax	3</p>
      <p><ref href="#part-1">Part 1</ref>—Repeal of Acts	3</p>
      <p>Clean Energy Act 2011	3</p>
      <p>Clean Energy (Charges—Customs) Act 2011	3</p>
      <p>Clean Energy (Charges—Excise) Act 2011	3</p>
      <p>Clean Energy (Unit Issue Charge—Auctions) Act 2011	3</p>
      <p>Clean Energy (Unit Issue Charge—Fixed Charge) Act 2011	3</p>
      <p>Clean Energy (Unit Shortfall Charge—General) Act 2011	3</p>
      <p><ref href="#part-2">Part 2</ref>—Amendments	4</p>
      <p>A New Tax System (Goods and Services Tax) Act 1999	4</p>
      <p>Anti-Money Laundering and Counter-Terrorism Financing Act 2006	5</p>
      <p>Australian National Registry of Emissions Units Act 2011	5</p>
      <p>Australian Securities and Investments Commission Act 2001	14</p>
      <p>Clean Energy Regulator Act 2011	15</p>
      <p>Corporations Act 2001	17</p>
      <p>Fuel Tax Act 2006	19</p>
      <p>Fuel Tax (Consequential and Transitional Provisions) Act 2006	26</p>
      <p>Income Tax Assessment Act 1997	26</p>
      <p>National Greenhouse and Energy Reporting Act 2007	30</p>
      <p>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989	41</p>
      <p>Petroleum Resource Rent Tax Assessment Act 1987	42</p>
      <p>Taxation Administration Act 1953	42</p>
      <p><ref href="#part-3">Part 3</ref>—Application and transitional provisions	43</p>
      <p><ref href="#dvs-1">Division 1</ref>—Preliminary	43</p>
      <p><ref href="#dvs-2">Division 2</ref>—Provisions relating to <ref class="unresolved">the Clean Energy Act 2011</ref> and associated charge Acts	45</p>
      <p><ref href="#dvs-3">Division 3</ref>—Provisions relating to other Acts	53</p>
      <p><ref href="#dvs-4">Division 4</ref>—Miscellaneous	60</p>
      <p><ref href="#dvs-5">Division 5</ref>—Transitional provisions commencing on Royal Assent	61</p>
      <p><ref href="#part-4">Part 4</ref>—Jobs and Competitiveness Program	64</p>
      <p><ref href="#dvs-1">Division 1</ref>—Preliminary	64</p>
      <p><ref href="#dvs-2">Division 2</ref>—Reporting requirements	66</p>
      <p><ref href="#dvs-3">Division 3</ref>—Issue of additional free carbon units	67</p>
      <p><ref href="#dvs-4">Division 4</ref>—True-up shortfalls	68</p>
      <p><ref href="#dvs-5">Division 5</ref>—Collection of levy	70</p>
      <p><ref href="#dvs-6">Division 6</ref>—Miscellaneous	72</p>
      <p>Schedule 2—Carbon tax price reduction obligation	73</p>
      <p>Competition and Consumer Act 2010	73</p>
      <p>Schedule 3—Repeal of tax offset for conservation tillage	105</p>
      <p>Clean Energy (Consequential Amendments) Act 2011	105</p>
      <p>Income Tax Assessment Act 1997	105</p>
      <p>Schedule 4—Repeal of <ref class="unresolved">the Steel Transformation Plan Act 2011</ref>	106</p>
      <p>Steel Transformation Plan Act 2011	106</p>
      <p>Schedule 5—Australian Renewable Energy Agency’s finances	107</p>
      <p>Australian Renewable Energy Agency Act 2011	107</p>
      <p>Endnotes	109</p>
      <p>Endnote 1—About the endnotes	109</p>
      <p>Endnote 2—Abbreviation key	111</p>
      <p>Endnote 3—Legislation history	112</p>
      <p>Endnote 4—Amendment history	113</p>
      <p>An Act to repeal the <i>Clean Energy Act 2011</i>, and for other purposes</p>
    </preface>
    <body>
      <section eId="sec-1">
        <num>1</num>
        <heading>Short title</heading>
        <content>
          <p>		This Act may be cited as the <i>Clean Energy Legislation (Carbon Tax Repeal) </i><i>Act 2014</i>.</p>
        </content>
      </section>
      <section eId="sec-2">
        <num>2</num>
        <heading>Commencement</heading>
        <subsection eId="sec-2__subsec-1">
          <num>1</num>
          <content>
            <p>Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.</p>
          </content>
          <table>
            <tr>
              <th>Commencement information</th>
              <th>Commencement information</th>
              <th>Commencement information</th>
            </tr>
            <tr>
              <td>Column 1</td>
              <td>Column 2</td>
              <td>Column 3</td>
            </tr>
            <tr>
              <td>Provision(s)</td>
              <td>Commencement</td>
              <td>Date/Details</td>
            </tr>
            <tr>
              <td>1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table</td>
              <td>The day this Act receives the Royal Assent.</td>
              <td>17 July 2014</td>
            </tr>
            <tr>
              <td>2.  Schedule 1, Parts 1 and 2</td>
              <td>1 July 2014.</td>
              <td>1 July 2014</td>
            </tr>
            <tr>
              <td>3.  Schedule 1, Part 3, Divisions 1 to 4</td>
              <td>1 July 2014.</td>
              <td>1 July 2014</td>
            </tr>
            <tr>
              <td>4.  Schedule 1, Part 3, Division 5</td>
              <td>The day this Act receives the Royal Assent.</td>
              <td>17 July 2014</td>
            </tr>
            <tr>
              <td>5.  Schedule 1, Part 4</td>
              <td>The day after this Act receives the Royal Assent.
However, if this Act receives the Royal Assent before 30 June 2014, the provision(s) commence on 1 July 2014.</td>
              <td>18 July 2014</td>
            </tr>
            <tr>
              <td>6.  Schedule 2</td>
              <td>The later of:
(a) the day after this Act receives the Royal Assent; and
(b) 1 January 2014.</td>
              <td>18 July 2014
(paragraph (a) applies)</td>
            </tr>
            <tr>
              <td>7.  Schedule 3</td>
              <td>The day after this Act receives the Royal Assent.</td>
              <td>18 July 2014</td>
            </tr>
            <tr>
              <td>8.  Schedule 4</td>
              <td>1 July 2014.</td>
              <td>1 July 2014</td>
            </tr>
            <tr>
              <td>9.  Schedule 5</td>
              <td>The day this Act receives the Royal Assent.</td>
              <td>17 July 2014</td>
            </tr>
          </table>
          <authorialNote placement="end" eId="note-1" marker="1">
            <content>
              <p>Note:	This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.</p>
            </content>
          </authorialNote>
        </subsection>
        <subsection eId="sec-2__subsec-2">
          <num>2</num>
          <content>
            <p>Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.</p>
          </content>
        </subsection>
      </section>
      <section eId="sec-3">
        <num>3</num>
        <heading>Schedule(s)</heading>
        <content>
          <p>Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.</p>
        </content>
      </section>
    </body>
    <attachments>
      <attachment>
        <hcontainer name="schedule" eId="schedule-1">
          <heading>Repeal of the carbon tax</heading>
          <content>
            <p>Clean Energy Act 2011</p>
          </content>
          <hcontainer name="clause" eId="schedule-1__clause-1">
            <num>1</num>
            <heading>The whole of the Act</heading>
            <content>
              <p>Repeal the Act.</p>
              <p>Clean Energy (Charges—Customs) Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-2">
            <num>2</num>
            <heading>The whole of the Act</heading>
            <content>
              <p>Repeal the Act.</p>
              <p>Clean Energy (Charges—Excise) Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-3">
            <num>3</num>
            <heading>The whole of the Act</heading>
            <content>
              <p>Repeal the Act.</p>
              <p>Clean Energy (Unit Issue Charge—Auctions) Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-4">
            <num>4</num>
            <heading>The whole of the Act</heading>
            <content>
              <p>Repeal the Act.</p>
              <p>Clean Energy (Unit Issue Charge—Fixed Charge) Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-5">
            <num>5</num>
            <heading>The whole of the Act</heading>
            <content>
              <p>Repeal the Act.</p>
              <p>Clean Energy (Unit Shortfall Charge—General) Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-6">
            <num>6</num>
            <heading>The whole of the Act</heading>
            <content>
              <p>Repeal the Act.</p>
              <p>A New Tax System (Goods and Services Tax) Act 1999</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-7">
            <num>7</num>
            <heading>Section 195-1</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>eligible Australian carbon credit unit</i></b> means:</p>
              <p>Subparagraph (b)(ii) and paragraph (c) do not, by implication, limit the application of subsection 13(3) of the <i>Legislative Instruments Act 2003</i> to other instruments under this Act.</p>
            </content>
            <paragraph eId="schedule-1__clause-7__para-a">
              <num>a</num>
              <content>
                <p>	(a)	a Kyoto Australian carbon credit unit (within the meaning of the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7__para-b">
              <num>b</num>
              <content>
                <p>a non-Kyoto Australian carbon credit unit (within the meaning of that Act) issued in relation to an eligible offsets project (within the meaning of that Act) for a reporting period (within the meaning of that Act), where:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7__para-i">
              <num>i</num>
              <content>
                <p>if it were assumed that the reporting period had ended before the Kyoto abatement deadline (within the meaning of that Act), a Kyoto Australian carbon credit unit would have been issued in relation to the project for the reporting period instead of the non-Kyoto Australian carbon credit unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7__para-ii">
              <num>ii</num>
              <content>
                <p>the non-Kyoto Australian carbon credit unit is not of a kind specified in the regulations; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7__para-c">
              <num>c</num>
              <content>
                <p>an Australian carbon credit unit (within the meaning of that Act) of a kind specified in the regulations.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-8">
            <num>8</num>
            <heading>Section 195-1 (definition of eligible emissions unit)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>eligible emissions unit</i></b> means:</p>
            </content>
            <paragraph eId="schedule-1__clause-8__para-a">
              <num>a</num>
              <content>
                <p>an *eligible international emissions unit; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-8__para-b">
              <num>b</num>
              <content>
                <p>an *eligible Australian carbon credit unit.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-9">
            <num>9</num>
            <heading>Section 195-1</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>eligible international emissions unit</i></b> has the same meaning as in the <i>Australian National Registry of Emissions Units Act 2011</i>.</p>
              <p>Anti-Money Laundering and Counter-Terrorism Financing Act 2006</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-10">
            <num>10</num>
            <heading>Section 5 (definition of carbon unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11">
            <num>11</num>
            <heading>Subsection 6(2) (paragraph (baa) of the cell at table item 33, column headed “Provision of a designated service”)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-12">
            <num>12</num>
            <heading>Subsection 6(2) (paragraph (d) of the cell at table item 33, column headed “Provision of a designated service”)</heading>
            <content>
              <p>Omit “carbon units,”.</p>
              <p>Australian National Registry of Emissions Units Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-13">
            <num>13</num>
            <heading>Section 3</heading>
            <content>
              <p>Omit:</p>
              <p>•	Entries may be made in Registry accounts for:</p>
              <p>•	This Act sets out rules about dealings with:</p>
              <p>substitute:</p>
              <p>•	Entries may be made in Registry accounts for:</p>
              <p>•	This Act sets out rules about dealings with Kyoto units.</p>
            </content>
            <paragraph eId="schedule-1__clause-13__para-a">
              <num>a</num>
              <content>
                <p>carbon units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-13__para-b">
              <num>b</num>
              <content>
                <p>Australian carbon credit units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-13__para-c">
              <num>c</num>
              <content>
                <p>Kyoto units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-13__para-d">
              <num>d</num>
              <content>
                <p>prescribed international units.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-13__para-a">
              <num>a</num>
              <content>
                <p>Kyoto units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-13__para-b">
              <num>b</num>
              <content>
                <p>prescribed international units.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-13__para-a">
              <num>a</num>
              <content>
                <p>Australian carbon credit units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-13__para-b">
              <num>b</num>
              <content>
                <p>Kyoto units.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-14">
            <num>14</num>
            <heading>Section 4 (definition of Australian-issued international unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-15">
            <num>15</num>
            <heading>Section 4 (definition of benchmark average auction charge)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-16">
            <num>16</num>
            <heading>Section 4 (definition of carbon unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-17">
            <num>17</num>
            <heading>Section 4 (definition of Commonwealth foreign registry account)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-18">
            <num>18</num>
            <heading>Section 4 (paragraph (d) of the definition of eligible international emissions unit)</heading>
            <content>
              <p>Omit “rules; or”, substitute “rules.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-19">
            <num>19</num>
            <heading>Section 4 (paragraph (e) of the definition of eligible international emissions unit)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-20">
            <num>20</num>
            <heading>Section 4 (definition of European allowance unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-21">
            <num>21</num>
            <heading>Section 4 (definition of European Union Greenhouse Gas Emission Allowance Trading Directive)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22">
            <num>22</num>
            <heading>Section 4 (definition of fixed charge year)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-23">
            <num>23</num>
            <heading>Section 4 (definition of foreign account)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>foreign account</i></b>, when used in relation to a Kyoto unit, means an account kept within a foreign Kyoto registry.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-24">
            <num>24</num>
            <heading>Section 4 (definition of foreign government body)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-25">
            <num>25</num>
            <heading>Section 4 (definition of hold)</heading>
            <content>
              <p>Omit “a carbon unit or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-26">
            <num>26</num>
            <heading>Section 4 (definition of Information Database)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-27">
            <num>27</num>
            <heading>Section 4 (definition of international arrangement)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-28">
            <num>28</num>
            <heading>Section 4 (definition of international organisation)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-29">
            <num>29</num>
            <heading>Section 4 (definition of issue)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>issue</i></b>, in relation to an Australian carbon credit unit, has the same meaning as in the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-30">
            <num>30</num>
            <heading>Section 4 (definition of prescribed international unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-31">
            <num>31</num>
            <heading>Section 4 (definition of quarter)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-32">
            <num>32</num>
            <heading>Section 4 (paragraph (aa) of the definition of registered holder)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-33">
            <num>33</num>
            <heading>Section 4 (paragraph (b) of the definition of registered holder)</heading>
            <content>
              <p>Omit “unit; or”, substitute “unit.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-34">
            <num>34</num>
            <heading>Section 4 (paragraph (c) of the definition of registered holder)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-35">
            <num>35</num>
            <heading>Section 4 (definition of relinquish)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-36">
            <num>36</num>
            <heading>Section 4 (definition of transfer)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>transfer</i></b>, in relation to a Kyoto unit, has the meaning given by section 33.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-37">
            <num>37</num>
            <heading>Section 4 (definition of vintage year)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-38">
            <num>38</num>
            <heading>Paragraph 9(4)(a)</heading>
            <content>
              <p>Omit “carbon units, Australian carbon credit units and prescribed international units”, substitute “Australian carbon credit units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-39">
            <num>39</num>
            <heading>Paragraph 11(5)(a)</heading>
            <content>
              <p>Omit “carbon units or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-40">
            <num>40</num>
            <heading>Section 14A</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-41">
            <num>41</num>
            <heading>Paragraph 15(2)(aa)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-42">
            <num>42</num>
            <heading>Paragraph 15(2)(c)</heading>
            <content>
              <p>Omit “account; and”, substitute “account.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-43">
            <num>43</num>
            <heading>Paragraph 15(2)(d)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-44">
            <num>44</num>
            <heading>Subparagraph 16(2)(b)(ii)</heading>
            <content>
              <p>Omit “(4), (5) and (6)”, substitute “(4) and (6)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-45">
            <num>45</num>
            <heading>Subsection 16(2A)</heading>
            <content>
              <p>Repeal the subsection (not including the heading).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-46">
            <num>46</num>
            <heading>Subsection 16(5)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-47">
            <num>47</num>
            <heading>Paragraph 16(7)(b)</heading>
            <content>
              <p>Omit “or (5)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-48">
            <num>48</num>
            <heading>Subsection 17(1A)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-49">
            <num>49</num>
            <heading>Subsection 17(3)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-50">
            <num>50</num>
            <heading>Paragraph 19(3A)(a)</heading>
            <content>
              <p>Omit “or 49A”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-51">
            <num>51</num>
            <heading>Subsection 19(3B)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-52">
            <num>52</num>
            <heading>Section 21</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-53">
            <num>53</num>
            <heading>Paragraph 22(4A)(a)</heading>
            <content>
              <p>Omit “or 49A”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-54">
            <num>54</num>
            <heading>Subsection 22(4B)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-55">
            <num>55</num>
            <heading>Subparagraph 26(3)(a)(ia)</heading>
            <content>
              <p>Repeal the subparagraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-56">
            <num>56</num>
            <heading>Subparagraph 26(3)(a)(ii)</heading>
            <content>
              <p>Omit “or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-57">
            <num>57</num>
            <heading>Subparagraph 26(3)(a)(iii)</heading>
            <content>
              <p>Repeal the subparagraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-58">
            <num>58</num>
            <heading>Paragraph 27(3B)(b)</heading>
            <content>
              <p>Omit “account; or”, substitute “account.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-59">
            <num>59</num>
            <heading>Paragraph 27(3B)(c)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-60">
            <num>60</num>
            <heading>Paragraph 28A(1)(aa)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-61">
            <num>61</num>
            <heading>Paragraph 28A(1)(b)</heading>
            <content>
              <p>Omit “or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-62">
            <num>62</num>
            <heading>Paragraph 28A(1)(c)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-63">
            <num>63</num>
            <heading>Paragraph 28A(4)(aa)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-64">
            <num>64</num>
            <heading>Paragraph 28B(1)(aa)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-65">
            <num>65</num>
            <heading>Paragraph 28B(1)(b)</heading>
            <content>
              <p>Omit “or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-66">
            <num>66</num>
            <heading>Paragraph 28B(1)(c)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-67">
            <num>67</num>
            <heading>Paragraph 28B(11)(aa)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-68">
            <num>68</num>
            <heading>Subsection 28B(11) (paragraph (c) of the note)</heading>
            <content>
              <p>Omit “Act; and”, substitute “Act.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-69">
            <num>69</num>
            <heading>Subsection 28B(11) (paragraphs (d) and (e) of the note)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-70">
            <num>70</num>
            <heading>Paragraph 28C(17)(aa)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-71">
            <num>71</num>
            <heading>Subparagraph 28D(5)(a)(ii)</heading>
            <content>
              <p>Omit “carbon units or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-72">
            <num>72</num>
            <heading>Paragraph 28D(5)(b)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-72__para-b">
              <num>b</num>
              <content>
                <p>	(b)	a notice to relinquish Australian carbon credit units under <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i> does not have effect.<ref href="#sec-175">section 175</ref> of the </p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-73">
            <num>73</num>
            <heading>Paragraph 28D(16)(aa)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-74">
            <num>74</num>
            <heading>Part 4</heading>
            <content>
              <p>Repeal the Part.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-75">
            <num>75</num>
            <heading>Section 58</heading>
            <content>
              <p>Omit:</p>
              <p>•	The Regulator must publish certain information about:</p>
              <p>substitute:</p>
              <p>•	The Regulator must publish certain information about:</p>
            </content>
            <paragraph eId="schedule-1__clause-75__para-a">
              <num>a</num>
              <content>
                <p>the holders of Registry accounts; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-75__para-b">
              <num>b</num>
              <content>
                <p>carbon units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-75__para-c">
              <num>c</num>
              <content>
                <p>Kyoto units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-75__para-d">
              <num>d</num>
              <content>
                <p>prescribed international units.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-75__para-a">
              <num>a</num>
              <content>
                <p>the holders of Registry accounts; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-75__para-b">
              <num>b</num>
              <content>
                <p>Kyoto units.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-76">
            <num>76</num>
            <heading>Section 59A</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-77">
            <num>77</num>
            <heading>Subsections 61(3) to (6)</heading>
            <content>
              <p>Repeal the subsections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-78">
            <num>78</num>
            <heading>Section 61A</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-79">
            <num>79</num>
            <heading>Sections 63 to 63G</heading>
            <content>
              <p>Repeal the sections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-80">
            <num>80</num>
            <heading>Section 64</heading>
            <content>
              <p>Omit:</p>
              <p>•	If a person is the registered holder of one or more carbon units, the person may request the Regulator to cancel any or all of those units. However, this rule does not apply to a unit that was issued for a fixed charge and has a vintage year that is a fixed charge year.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-81">
            <num>81</num>
            <heading>Section 64</heading>
            <content>
              <p>Omit:</p>
              <p>•	If a person is the registered holder of one or more prescribed international units, the person may request the Regulator to cancel any or all of those units.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-82">
            <num>82</num>
            <heading>Section 64A</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-83">
            <num>83</num>
            <heading>Section 66</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-84">
            <num>84</num>
            <heading>Parts 6A and 6B</heading>
            <content>
              <p>Repeal the Parts.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-85">
            <num>85</num>
            <heading>Paragraph 79(1)(c)</heading>
            <content>
              <p>Omit “27(4);”, substitute “27(4).”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-86">
            <num>86</num>
            <heading>Paragraph 79(1)(d)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-87">
            <num>87</num>
            <heading>Section 82 (table item 2)</heading>
            <content>
              <p>Omit “or 53”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-88">
            <num>88</num>
            <heading>Section 82 (table item 3)</heading>
            <content>
              <p>Repeal the item.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-89">
            <num>89</num>
            <heading>Section 82 (table items 8 and 9)</heading>
            <content>
              <p>Omit “or 21”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-90">
            <num>90</num>
            <heading>Section 82 (table items 15 and 16)</heading>
            <content>
              <p>Repeal the items.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-91">
            <num>91</num>
            <heading>Section 86A</heading>
            <content>
              <p>Repeal the section.</p>
              <p>Australian Securities and Investments Commission Act 2001</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-92">
            <num>92</num>
            <heading>Paragraph 12BAA(7)(ka)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-93">
            <num>93</num>
            <heading>Paragraph 12BAB(1)(g)</heading>
            <content>
              <p>Omit “a carbon unit,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-94">
            <num>94</num>
            <heading>At the end of the Act</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-295">
            <num>295</num>
            <heading>Definition</heading>
            <content>
              <p>In this Part:</p>
              <p><b><i>designated carbon unit day</i></b> has the same meaning as in Part 3 of Schedule 1 to the <i>Clean Energy Legislation (Carbon Tax Repeal) </i><i>Act 2014</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-296">
            <num>296</num>
            <heading>Transitional—carbon units issued before the designated carbon unit day</heading>
            <content>
              <p>		Despite the amendments of this Act made by Schedule 1 to the <i>Clean Energy Legislation (Carbon Tax Repeal) </i><i>Act 2014</i>, this Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made.</p>
              <p>Clean Energy Regulator Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-95">
            <num>95</num>
            <heading>Section 3</heading>
            <content>
              <p>Omit:</p>
              <p>•	The Regulator has such functions as are conferred on it by or under:</p>
              <p>substitute:</p>
              <p>•	The Regulator has such functions as are conferred on it by or under:</p>
            </content>
            <paragraph eId="schedule-1__clause-95__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Clean Energy Act 2011</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-95__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-95__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the <i>National Greenhouse and Energy Reporting Act 2007</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-95__para-d">
              <num>d</num>
              <content>
                <p>	(d)	the <i>Renewable Energy (Electricity) Act 2000</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-95__para-e">
              <num>e</num>
              <content>
                <p>	(e)	the <i>Australian National Registry of Emissions Units Act 2011</i>.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-95__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-95__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>National Greenhouse and Energy Reporting Act 2007</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-95__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the <i>Renewable Energy (Electricity) Act 2000</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-95__para-d">
              <num>d</num>
              <content>
                <p>	(d)	the <i>Australian National Registry of Emissions Units Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-96">
            <num>96</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Climate Change Convention</i></b> means the United Nations Framework Convention on Climate Change, done at New York on 9 May 1992, as amended and in force for Australia from time to time.</p>
              <p>Note:	The text of the Convention is set out in Australian Treaty Series 1994 No. 2 ([1994] ATS 2). In 2013, the text of a Convention in the Australian Treaty Series was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-97">
            <num>97</num>
            <heading>Section 4 (paragraphs (b) to (h) of the definition of climate change law)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-98">
            <num>98</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>greenhouse gas</i></b> has the same meaning as in the <i>National Greenhouse and Energy Reporting Act 2007</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-99">
            <num>99</num>
            <heading>Section 4 (definition of international agreement)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>international agreement</i></b> means an agreement whose parties are:</p>
            </content>
            <paragraph eId="schedule-1__clause-99__para-a">
              <num>a</num>
              <content>
                <p>Australia and a foreign country; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-b">
              <num>b</num>
              <content>
                <p>Australia and 2 or more foreign countries.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-100">
            <num>100</num>
            <heading>Section 4 (definition of international climate change agreement)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>international climate change agreement</i></b> means:</p>
            </content>
            <paragraph eId="schedule-1__clause-100__para-a">
              <num>a</num>
              <content>
                <p>the Climate Change Convention; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-100__para-b">
              <num>b</num>
              <content>
                <p>any other international agreement, signed on behalf of Australia, that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-100__para-i">
              <num>i</num>
              <content>
                <p>relates to climate change; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-100__para-ii">
              <num>ii</num>
              <content>
                <p>imposes obligations on Australia to take action to reduce greenhouse gas emissions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-100__para-c">
              <num>c</num>
              <content>
                <p>an international agreement, signed on behalf of Australia, that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-100__para-i">
              <num>i</num>
              <content>
                <p>relates to climate change; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-100__para-ii">
              <num>ii</num>
              <content>
                <p>is specified in a legislative instrument made by <role refersTo="#minister">the Minister</role> for the purposes of this definition.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-101">
            <num>101</num>
            <heading>Section 4 (paragraph (a) of the definition of objectives of the Regulator)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-102">
            <num>102</num>
            <heading>Section 4 (definition of prescribed international unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-103">
            <num>103</num>
            <heading>Paragraph 41(3)(a)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-104">
            <num>104</num>
            <heading>Paragraph 49(1)(z)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
              <p>Corporations Act 2001</p>
            </content>
            <paragraph eId="schedule-1__clause-104__para-z">
              <num>z</num>
              <content>
                <p>a person or body responsible for the administration of a scheme that involves the issue or registration of prescribed eligible carbon units;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-105">
            <num>105</num>
            <heading>Section 9 (definition of carbon unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-106">
            <num>106</num>
            <heading>Paragraph 764A(1)(kaa)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-107">
            <num>107</num>
            <heading>At the end Chapter 10</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-1542">
            <num>1542</num>
            <heading>Definition</heading>
            <content>
              <p>In this Part:</p>
              <p><b><i>designated carbon unit day</i></b> has the same meaning as in Part 3 of Schedule 1 to the <i>Clean Energy Legislation (Carbon Tax Repeal) </i><i>Act 2014</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-1543">
            <num>1543</num>
            <heading>Transitional—carbon units issued before the designated carbon unit day</heading>
            <content>
              <p>		Despite the amendments of this Act made by Schedule 1 to the <i>Clean Energy Legislation (Carbon Tax Repeal) </i><i>Act 2014</i>, this Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-1544">
            <num>1544</num>
            <heading>Transitional—variation of conditions on Australian financial services licences</heading>
            <content>
              <p>Scope</p>
              <p>Variation</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-1544__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if, as at the end of the designated carbon unit day, an Australian financial services licence is subject to a condition that authorises the financial services licensee to provide financial services in relation to financial products that are carbon units.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-1544__subclause-2">
              <num>2</num>
              <content>
                <p>After that day, subsections 914A(3), (4) and (5) do not apply in relation to a variation of the condition, if the only effect of the variation is to remove the authorisation to provide financial services in relation to financial products that are carbon units.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-1545">
            <num>1545</num>
            <heading>Transitional—immediate cancellation of Australian financial services licences</heading>
            <content>
              <p>Section 915B applies, on and after the designated carbon unit day, as if the following subsection was added at the end of the section:</p>
              <p>Licence relating to carbon units</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-1545__subclause-5">
              <num>5</num>
              <content>
                <p>ASIC may cancel an Australian financial services licence held by a person, by giving written notice to the person, if the licence only authorises the person to provide financial services that relate to financial products that are carbon units.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-1546">
            <num>1546</num>
            <heading>Transitional—statements of reasons for cancellation of Australian financial services licences</heading>
            <content>
              <p>Section 915G does not apply to a cancellation under subsection 915B(5) (as inserted by <ref href="#sec-1545">section 1545</ref>).</p>
              <p>Fuel Tax Act 2006</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-108">
            <num>108</num>
            <heading>Section 2-1</heading>
            <content>
              <p>Omit:</p>
              <p>This Act provides a single system of fuel tax credits. Fuel tax credits are paid to reduce the incidence of fuel tax levied on taxable fuels, ensuring that, generally, fuel tax is effectively only applied to:</p>
              <p>For fuel that is not *covered by the Opt-in Scheme, the fuel tax credit entitlement is (with some exceptions) reduced by an amount equivalent to what the carbon price on the fuel emissions would be (if those emissions were subject to a carbon price). For fuel that is covered by that Scheme, the entitlement is not so reduced.</p>
              <p>Fuel tax credits are also provided for fuel for use in aircraft if the fuel is covered by the Opt-in Scheme. The amount of the credit is limited to the carbon component rate that was factored into the rate of fuel tax.</p>
              <p>Fuel tax credits are also provided for gaseous fuel that is subject to the carbon pricing mechanism if the fuel is for use in agriculture, fishing operations or forestry. The amount of the credit is the amount of the carbon charge that is embedded in the price of the fuel.</p>
              <p>substitute:</p>
              <p>This Act provides a single system of fuel tax credits. Fuel tax credits are paid to reduce or remove the incidence of fuel tax levied on taxable fuels, ensuring that, generally, fuel tax is effectively only applied to:</p>
            </content>
            <paragraph eId="schedule-1__clause-108__para-a">
              <num>a</num>
              <content>
                <p>fuel used in private vehicles and for certain other private purposes; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-108__para-b">
              <num>b</num>
              <content>
                <p>fuel used on-road in light vehicles for business purposes.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-108__para-a">
              <num>a</num>
              <content>
                <p>fuel used in private vehicles and for certain other private purposes; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-108__para-b">
              <num>b</num>
              <content>
                <p>fuel used on-road in light vehicles for business purposes.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-109">
            <num>109</num>
            <heading>Subsection 40-5(2)</heading>
            <content>
              <p>After “reduce”, insert “or remove”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-110">
            <num>110</num>
            <heading>Subsections 40-5(3) and (4)</heading>
            <content>
              <p>Repeal the subsections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-111">
            <num>111</num>
            <heading>Section 41-1</heading>
            <content>
              <p>Omit:</p>
              <p>However, fuel tax credits are denied under Subdivision 41-B if:</p>
              <p>substitute:</p>
              <p>However, fuel tax credits are denied under Subdivision 41-B if:</p>
            </content>
            <paragraph eId="schedule-1__clause-111__para-a">
              <num>a</num>
              <content>
                <p>another person is already entitled to a fuel tax credit in respect of the fuel; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-111__para-b">
              <num>b</num>
              <content>
                <p>the fuel is for use on-road in light vehicles; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-111__para-c">
              <num>c</num>
              <content>
                <p>the fuel is for use in vehicles that do not meet certain environmental criteria; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-111__para-d">
              <num>d</num>
              <content>
                <p>the fuel is for use in aircraft, and is not covered by the Opt-in Scheme.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-111__para-a">
              <num>a</num>
              <content>
                <p>another person is already entitled to a fuel tax credit in respect of the fuel; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-111__para-b">
              <num>b</num>
              <content>
                <p>the fuel is for use on-road in light vehicles; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-111__para-c">
              <num>c</num>
              <content>
                <p>the fuel is for use in vehicles that do not meet certain environmental criteria; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-111__para-d">
              <num>d</num>
              <content>
                <p>the fuel is for use in aircraft.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-112">
            <num>112</num>
            <heading>Paragraph 41-5(3)(b)</heading>
            <content>
              <p>Omit “vehicle, vessel or aircraft”, substitute “vehicle (or vessel)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-113">
            <num>113</num>
            <heading>Subsection 41-15(1)</heading>
            <content>
              <p>Omit “this Division, <ref href="#dvs-42">Division 42</ref> or <ref href="#dvs-42A">Division 42A</ref>” (wherever occurring), substitute “this Division or <ref href="#dvs-42">Division 42</ref>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-114">
            <num>114</num>
            <heading>Subparagraph 41-25(2)(a)(ii)</heading>
            <content>
              <p>Omit “*agricultural property”, substitute “agricultural property”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-115">
            <num>115</num>
            <heading>Section 41-30 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-41-30">
            <num>41-30</num>
            <heading>No fuel tax credit for fuel to be used in an aircraft</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-116">
            <num>116</num>
            <heading>Subsection 41-30(1)</heading>
            <content>
              <p>Omit “(1)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-117">
            <num>117</num>
            <heading>Subsection 41-30(2)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-118">
            <num>118</num>
            <heading>Section 41-35</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-119">
            <num>119</num>
            <heading>Division 42A</heading>
            <content>
              <p>Repeal the Division.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-120">
            <num>120</num>
            <heading>Section 43-1</heading>
            <content>
              <p>Omit:</p>
              <p>The amount of your credit for taxable fuel is the amount of fuel tax that was payable on the fuel:</p>
              <p>For fuel for use in aircraft that is covered by the Opt-in Scheme, the amount of the credit is reduced so that it is limited to the carbon component rate that was factored into the rate of fuel tax.</p>
              <p>For gaseous fuel that is subject to the carbon pricing mechanism, the amount of the credit is the amount of the carbon charge that is embedded in the price of the fuel.</p>
              <p>substitute:</p>
              <p>The amount of your credit for taxable fuel is the amount of fuel tax that was payable on the fuel, reduced to take account of certain grants and subsidies that were payable in respect of the fuel (as the grants or subsidies reduced the amount of fuel tax that effectively applied to the fuel).</p>
            </content>
            <paragraph eId="schedule-1__clause-120__para-a">
              <num>a</num>
              <content>
                <p>reduced to take account of certain grants and subsidies that were payable in respect of the fuel (as the grants or subsidies reduced the amount of fuel tax that effectively applied to the fuel); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-120__para-b">
              <num>b</num>
              <content>
                <p>for fuel that is not covered by the Opt-in Scheme—reduced (with some exceptions) to take account of what the carbon price on the fuel emissions would be (if those emissions were subject to a carbon price).</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-121">
            <num>121</num>
            <heading>Subsection 43-5(1)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
              <p>Note:	The amount of the credit may be reduced under <ref href="#sec-43">section 43</ref>-10.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-121__subclause-1">
              <num>1</num>
              <content>
                <p>The *amount of your tax fuel credit for taxable fuel is the amount of *effective fuel tax that is payable on the fuel.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-122">
            <num>122</num>
            <heading>Subsections 43-5(4) and (5)</heading>
            <content>
              <p>Repeal the subsections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-123">
            <num>123</num>
            <heading>Section 43-8</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-124">
            <num>124</num>
            <heading>Section 43-10 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-43-10">
            <num>43-10</num>
            <heading>Reducing the amount of your fuel tax credit</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-125">
            <num>125</num>
            <heading>Subsection 43-10(1A)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-126">
            <num>126</num>
            <heading>Section 43-11</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-127">
            <num>127</num>
            <heading>Subdivision 43-B</heading>
            <content>
              <p>Repeal the Subdivision.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-128">
            <num>128</num>
            <heading>Section 110-5 (definition of agricultural activity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-129">
            <num>129</num>
            <heading>Section 110-5 (definition of agricultural construction activity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-130">
            <num>130</num>
            <heading>Section 110-5 (definition of agricultural property)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-131">
            <num>131</num>
            <heading>Section 110-5 (definition of agricultural soil/water activity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-132">
            <num>132</num>
            <heading>Section 110-5 (definition of agricultural waste activity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-133">
            <num>133</num>
            <heading>Section 110-5 (definition of agriculture)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-134">
            <num>134</num>
            <heading>Section 110-5 (definition of approved catchment area)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-135">
            <num>135</num>
            <heading>Section 110-5 (definition of carbon reduction)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-136">
            <num>136</num>
            <heading>Section 110-5 (definition of CNG)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-137">
            <num>137</num>
            <heading>Section 110-5 (definition of core agricultural activity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-138">
            <num>138</num>
            <heading>Section 110-5 (definition of covered by the Opt-in Scheme)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-139">
            <num>139</num>
            <heading>Section 110-5 (definition of earthworks)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-140">
            <num>140</num>
            <heading>Section 110-5 (definition of fish)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-141">
            <num>141</num>
            <heading>Section 110-5 (definition of fishing operations)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-142">
            <num>142</num>
            <heading>Section 110-5 (definition of forestry)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-143">
            <num>143</num>
            <heading>Section 110-5 (definition of half-year)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-144">
            <num>144</num>
            <heading>Section 110-5 (definition of horticulture)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-145">
            <num>145</num>
            <heading>Section 110-5 (definition of livestock)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-146">
            <num>146</num>
            <heading>Section 110-5 (definition of livestock activity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-147">
            <num>147</num>
            <heading>Section 110-5 (definition of LNG)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-148">
            <num>148</num>
            <heading>Section 110-5 (definition of pearling operations)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-149">
            <num>149</num>
            <heading>Section 110-5 (definition of port)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-150">
            <num>150</num>
            <heading>Section 110-5 (definition of processing of fish)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-151">
            <num>151</num>
            <heading>Section 110-5 (definition of public authority)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-152">
            <num>152</num>
            <heading>Section 110-5 (definition of renewable diesel)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-153">
            <num>153</num>
            <heading>Section 110-5 (definition of sundry agricultural activity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-154">
            <num>154</num>
            <heading>Section 110-5 (definition of taxable fuel)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>taxable fuel </i></b>means fuel in respect of which duty is payable under:</p>
              <p>but does not include fuel covered by:</p>
              <p>Note:	Item 15 of the Schedule to the <i>Excise Tariff Act 1921</i> deals with certain petroleum based oils and greases. Item 20 of that Schedule deals with certain stabilised crude petroleum oils. Item 21 of that Schedule deals with certain condensate.</p>
              <p>Fuel Tax (Consequential and Transitional Provisions) Act 2006</p>
            </content>
            <paragraph eId="schedule-1__clause-154__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Excise Act 1901</i> and the <i>Excise Tariff Act 1921</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-154__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Customs Act 1901</i> and the <i>Customs Tariff Act 1995</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-154__para-c">
              <num>c</num>
              <content>
                <p>	(c)	item 15, 20 or 21 of the Schedule to the <i>Excise Tariff Act 1921</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-154__para-d">
              <num>d</num>
              <content>
                <p>	(d)	any imported goods that would be classified to item 15 of the Schedule to the <i>Excise Tariff Act 1921</i>, if the goods had been manufactured in Australia.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-155">
            <num>155</num>
            <heading>Subitem 12(2A) of Schedule 3</heading>
            <content>
              <p>Repeal the subitem.</p>
              <p>Income Tax Assessment Act 1997</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-156">
            <num>156</num>
            <heading>Section 12-5 (table item headed “clean energy”)</heading>
            <content>
              <p>Repeal the item.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-157">
            <num>157</num>
            <heading>Section 26-18</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-158">
            <num>158</num>
            <heading>Section 104-5 (table item relating to CGT event K1, column headed “Event number and description”)</heading>
            <content>
              <p>Omit “*carbon unit, an *international emissions unit”, substitute “*Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-159">
            <num>159</num>
            <heading>Subparagraphs 104-205(1)(a)(i) and (ii)</heading>
            <content>
              <p>Repeal the subparagraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-160">
            <num>160</num>
            <heading>Subparagraph 104-205(1)(a)(iii)</heading>
            <content>
              <p>Omit “an *international emissions unit”, substitute “a *Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-161">
            <num>161</num>
            <heading>Subparagraph 104-205(1)(a)(iv)</heading>
            <content>
              <p>Omit “an *international emissions unit”, substitute “a Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-162">
            <num>162</num>
            <heading>Section 112-97 (table item 18A, column headed “In this situation”)</heading>
            <content>
              <p>Omit “an *international emissions unit”, substitute “a *Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-163">
            <num>163</num>
            <heading>Subsection 118-15(2)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-164">
            <num>164</num>
            <heading>Paragraph 420-10(a)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-165">
            <num>165</num>
            <heading>Paragraph 420-10(c)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-166">
            <num>166</num>
            <heading>Subsection 420-15(1) (note)</heading>
            <content>
              <p>Repeal the note.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-167">
            <num>167</num>
            <heading>Subsection 420-15(3)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-168">
            <num>168</num>
            <heading>Subsection 420-20(3)</heading>
            <content>
              <p>Repeal the subsection (not including the note), substitute:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-168__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	This section does not apply to the issue of an *Australian carbon credit unit under the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-169">
            <num>169</num>
            <heading>Subparagraphs 420-21(1)(a)(i) and (ii)</heading>
            <content>
              <p>Repeal the subparagraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-170">
            <num>170</num>
            <heading>Subparagraph 420-21(1)(a)(iii)</heading>
            <content>
              <p>Omit “an *international emissions unit”, substitute “a *Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-171">
            <num>171</num>
            <heading>Subparagraph 420-21(1)(a)(iv)</heading>
            <content>
              <p>Omit “an international emissions unit”, substitute “a Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-172">
            <num>172</num>
            <heading>Subsection 420-21(1) (example)</heading>
            <content>
              <p>Omit “of international emissions unit”, substitute “of Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-173">
            <num>173</num>
            <heading>Subparagraphs 420-21(2)(a)(i) and (ii)</heading>
            <content>
              <p>Repeal the subparagraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-174">
            <num>174</num>
            <heading>Subparagraph 420-21(2)(a)(iii)</heading>
            <content>
              <p>Omit “an *international emissions unit”, substitute “a *Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-175">
            <num>175</num>
            <heading>Subparagraph 420-21(2)(a)(iv)</heading>
            <content>
              <p>Omit “an international emissions unit”, substitute “a Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-176">
            <num>176</num>
            <heading>Subparagraph 420-35(b)(i)</heading>
            <content>
              <p>Repeal the subparagraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-177">
            <num>177</num>
            <heading>Subparagraph 420-35(b)(ii)</heading>
            <content>
              <p>Omit “an *international emissions unit”, substitute “a *Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-178">
            <num>178</num>
            <heading>Section 420-35 (example)</heading>
            <content>
              <p>Omit “of international emissions unit”, substitute “of Kyoto unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-179">
            <num>179</num>
            <heading>Section 420-43</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-180">
            <num>180</num>
            <heading>Subsection 420-51(1)</heading>
            <content>
              <p>Omit “(1)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-181">
            <num>181</num>
            <heading>Subsection 420-51(2)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-182">
            <num>182</num>
            <heading>Subparagraph 420-52(a)(i)</heading>
            <content>
              <p>Repeal the subparagraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-183">
            <num>183</num>
            <heading>Paragraph 420-52(b)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-184">
            <num>184</num>
            <heading>Subsection 420-55(6)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-185">
            <num>185</num>
            <heading>Subsection 420-57(9)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-186">
            <num>186</num>
            <heading>Section 420-58</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-187">
            <num>187</num>
            <heading>Subsections 420-60(1) and (2)</heading>
            <content>
              <p>Repeal the subsections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-188">
            <num>188</num>
            <heading>Subsection 420-60(4)</heading>
            <content>
              <p>Omit all the words from and including “If a *registered” to and including “<b><i>cost</i></b> of the unit”, substitute “The <b><i>cost</i></b> of a *registered emissions unit (other than an *Australian carbon credit unit)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-189">
            <num>189</num>
            <heading>Subsection 420-65(3)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-190">
            <num>190</num>
            <heading>Subsection 420-70(3)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-191">
            <num>191</num>
            <heading>Subsection 995-1(1) (definition of carbon unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-192">
            <num>192</num>
            <heading>Subsection 995-1(1) (definition of free carbon unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-193">
            <num>193</num>
            <heading>Subsection 995-1(1) (definition of international emissions unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-194">
            <num>194</num>
            <heading>Subsection 995-1(1) (definition of prescribed international unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-195">
            <num>195</num>
            <heading>Subsection 995-1(1) (definition of vintage year)</heading>
            <content>
              <p>Repeal the definition.</p>
              <p>National Greenhouse and Energy Reporting Act 2007</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-196">
            <num>196</num>
            <heading>Section 3 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-3">
            <num>3</num>
            <heading>Object</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-197">
            <num>197</num>
            <heading>Subsection 3(1)</heading>
            <content>
              <p>Omit “(1) The first object”, substitute “The object”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-198">
            <num>198</num>
            <heading>Subsection 3(2)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-199">
            <num>199</num>
            <heading>Subsection 4(1)</heading>
            <content>
              <p>Omit “(1) This Act (except to the extent to which it underpins the <i>Clean Energy Act 2011</i>)”, substitute “This Act”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-200">
            <num>200</num>
            <heading>Subsection 4(2)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-201">
            <num>201</num>
            <heading>Subsection 5(1)</heading>
            <content>
              <p>Omit “(1)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-202">
            <num>202</num>
            <heading>Before subparagraph 5(1)(a)(ii)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-202__para-i">
              <num>i</num>
              <content>
                <p>greenhouse gas emissions; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-203">
            <num>203</num>
            <heading>Subsection 5(2)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-204">
            <num>204</num>
            <heading>Section 7 (definition of carbon dioxide equivalence)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>carbon dioxide equivalence</i></b>, of an amount of greenhouse gas, means the amount of the gas multiplied by a value specified in the regulations in relation to that kind of greenhouse gas.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-205">
            <num>205</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>designated</i></b><i> </i><b><i>financial year</i></b> means:</p>
            </content>
            <paragraph eId="schedule-1__clause-205__para-a">
              <num>a</num>
              <content>
                <p>the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-205__para-b">
              <num>b</num>
              <content>
                <p>a later financial year.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-206">
            <num>206</num>
            <heading>Section 7 (definition of designated fuel)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-207">
            <num>207</num>
            <heading>Section 7 (definition of eligible financial year)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-208">
            <num>208</num>
            <heading>Section 7 (definition of emissions number)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-209">
            <num>209</num>
            <heading>Section 7 (definition of financial control liability transfer certificate)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-210">
            <num>210</num>
            <heading>Section 7 (definition of fixed charge year)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-211">
            <num>211</num>
            <heading>Section 7 (definition of foreign country)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>foreign country</i></b> includes a region where:</p>
            </content>
            <paragraph eId="schedule-1__clause-211__para-a">
              <num>a</num>
              <content>
                <p>the region is a colony, territory or protectorate of a foreign country; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-211__para-b">
              <num>b</num>
              <content>
                <p>the region is part of a foreign country; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-211__para-c">
              <num>c</num>
              <content>
                <p>the region is under the protection of a foreign country; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-211__para-d">
              <num>d</num>
              <content>
                <p>a foreign country exercises jurisdiction or control over the region; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-211__para-e">
              <num>e</num>
              <content>
                <p>a foreign country is responsible for the region’s international relations.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-212">
            <num>212</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>foreign corporation</i></b> means a corporation that:</p>
            </content>
            <paragraph eId="schedule-1__clause-212__para-a">
              <num>a</num>
              <content>
                <p>is incorporated outside Australia; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-212__para-b">
              <num>b</num>
              <content>
                <p>is an authority of a foreign country.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-213">
            <num>213</num>
            <heading>Section 7 (definition of foreign person)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-214">
            <num>214</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>group entity</i></b> means a corporation that is a member of a controlling corporation’s group.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-215">
            <num>215</num>
            <heading>Section 7 (definition of interim emissions number)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-216">
            <num>216</num>
            <heading>Section 7 (definition of liable entity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-217">
            <num>217</num>
            <heading>Section 7 (definition of liquefied natural gas)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-218">
            <num>218</num>
            <heading>Section 7 (definition of liquefied petroleum gas)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-218A">
            <num>218A</num>
            <heading>Section 7 (definition of local governing body)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-219">
            <num>219</num>
            <heading>Section 7 (definition of natural gas supplier)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-220">
            <num>220</num>
            <heading>Section 7 (definition of non-group entity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-221">
            <num>221</num>
            <heading>Section 7 (definition of operational control)</heading>
            <content>
              <p>Omit “11A, 11B or 11C”, substitute “11A or 11B”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-222">
            <num>222</num>
            <heading>Section 7 (definition of Opt-in Scheme)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-223">
            <num>223</num>
            <heading>Section 7 (definition of OTN)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-224">
            <num>224</num>
            <heading>Section 7 (definition of person)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-225">
            <num>225</num>
            <heading>Section 7 (definition of potential greenhouse gas emissions)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-226">
            <num>226</num>
            <heading>Section 7 (definition of provisional emissions number)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-227">
            <num>227</num>
            <heading>Section 7 (definition of supply)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-228">
            <num>228</num>
            <heading>Section 7 (definition of taxable fuel)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-229">
            <num>229</num>
            <heading>Section 7 (definition of trust)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-230">
            <num>230</num>
            <heading>Section 7 (definition of trustee)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-231">
            <num>231</num>
            <heading>Section 7 (definition of trust estate)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-232">
            <num>232</num>
            <heading>Section 7 (definition of unit shortfall charge)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-233">
            <num>233</num>
            <heading>Subsection 7A(1)</heading>
            <content>
              <p>Omit “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-234">
            <num>234</num>
            <heading>Sections 7B and 7C</heading>
            <content>
              <p>Repeal the sections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-235">
            <num>235</num>
            <heading>Subsection 8(1)</heading>
            <content>
              <p>Omit “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-236">
            <num>236</num>
            <heading>Subsection 9(1)</heading>
            <content>
              <p>Omit “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-237">
            <num>237</num>
            <heading>Paragraph 9(1)(b)</heading>
            <content>
              <p>Omit “or 54A”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-238">
            <num>238</num>
            <heading>Section 10 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-10">
            <num>10</num>
            <heading>Emissions, energy production, energy consumption etc.</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-239">
            <num>239</num>
            <heading>Subsection 10(1)</heading>
            <content>
              <p>Omit “or the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-240">
            <num>240</num>
            <heading>Subsection 10(3)</heading>
            <content>
              <p>Omit “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-241">
            <num>241</num>
            <heading>Subsections 10(4) to (9)</heading>
            <content>
              <p>Repeal the subsections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-242">
            <num>242</num>
            <heading>Subsection 11(1)</heading>
            <content>
              <p>Omit “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-243">
            <num>243</num>
            <heading>Subsection 11(1)</heading>
            <content>
              <p>Omit “person” (wherever occurring), substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-244">
            <num>244</num>
            <heading>Paragraph 11(1)(b)</heading>
            <content>
              <p>Omit “or 55A”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-245">
            <num>245</num>
            <heading>Subsection 11(3)</heading>
            <content>
              <p>Omit “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-246">
            <num>246</num>
            <heading>Subsection 11(3)</heading>
            <content>
              <p>Omit “person”, substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-247">
            <num>247</num>
            <heading>Subsection 11(4)</heading>
            <content>
              <p>Omit “11A, 11B and 11C”, substitute “11A and 11B”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-248">
            <num>248</num>
            <heading>Section 11A (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11A">
            <num>11A</num>
            <heading>Operational control—group entity with greatest authority</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-249">
            <num>249</num>
            <heading>Subsection 11A(1)</heading>
            <content>
              <p>Omit “an eligible financial year”, substitute “a designated financial year”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-250">
            <num>250</num>
            <heading>Paragraph 11A(1)(a)</heading>
            <content>
              <p>Omit “persons”, substitute “group entities”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-251">
            <num>251</num>
            <heading>Paragraph 11A(1)(b)</heading>
            <content>
              <p>Omit “person”, substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-252">
            <num>252</num>
            <heading>Paragraph 11A(1)(c)</heading>
            <content>
              <p>Omit “or 55A”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-253">
            <num>253</num>
            <heading>Subsection 11A(2)</heading>
            <content>
              <p>Omit “person”, substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-254">
            <num>254</num>
            <heading>Subsection 11A(2)</heading>
            <content>
              <p>Omit “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-255">
            <num>255</num>
            <heading>Section 11B (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11B">
            <num>11B</num>
            <heading>Operational control—nominated group entity</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-256">
            <num>256</num>
            <heading>Paragraph 11B(1)(a)</heading>
            <content>
              <p>Omit “more persons”, substitute “more group entities”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-257">
            <num>257</num>
            <heading>Paragraph 11B(1)(a)</heading>
            <content>
              <p>Omit “<b><i>relevant persons</i></b>”, substitute “<b><i>relevant group entities</i></b>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-258">
            <num>258</num>
            <heading>Paragraph 11B(1)(b)</heading>
            <content>
              <p>Omit “person”, substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-259">
            <num>259</num>
            <heading>Paragraph 11B(1)(c)</heading>
            <content>
              <p>Omit “or 55A”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-260">
            <num>260</num>
            <heading>Paragraph 11B(1)(d)</heading>
            <content>
              <p>Omit “an eligible financial year”, substitute “a designated financial year”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-261">
            <num>261</num>
            <heading>Subsection 11B(2)</heading>
            <content>
              <p>Omit “persons”, substitute “group entities”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-262">
            <num>262</num>
            <heading>Subsection 11B(2)</heading>
            <content>
              <p>Omit “person”, substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-263">
            <num>263</num>
            <heading>Paragraph 11B(4)(a)</heading>
            <content>
              <p>Omit “persons is a foreign person”, substitute “group entities is a foreign corporation”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-264">
            <num>264</num>
            <heading>Paragraph 11B(4)(b)</heading>
            <content>
              <p>Omit “persons is not a foreign person”, substitute “group entities is not a foreign corporation”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-265">
            <num>265</num>
            <heading>Subsection 11B(4)</heading>
            <content>
              <p>Omit “foreign person cannot”, substitute “foreign corporation cannot”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-266">
            <num>266</num>
            <heading>Paragraph 11B(5)(b)</heading>
            <content>
              <p>Omit “persons”, substitute “group entities”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-267">
            <num>267</num>
            <heading>Subsection 11B(7)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-268">
            <num>268</num>
            <heading>Subsection 11B(8)</heading>
            <content>
              <p>Omit “eligible financial year” (wherever occurring), substitute “designated financial year”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-269">
            <num>269</num>
            <heading>Subsection 11B(10)</heading>
            <content>
              <p>Omit “person” (wherever occurring), substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-270">
            <num>270</num>
            <heading>Paragraph 11B(15)(b)</heading>
            <content>
              <p>Omit “and”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-271">
            <num>271</num>
            <heading>Paragraph 11B(15)(c)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-272">
            <num>272</num>
            <heading>Subsection 11B(15)</heading>
            <content>
              <p>Omit “person”, substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-273">
            <num>273</num>
            <heading>Subsection 11B(16)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-274">
            <num>274</num>
            <heading>Paragraph 11B(17)(b)</heading>
            <content>
              <p>Omit “and”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-275">
            <num>275</num>
            <heading>Paragraph 11B(17)(c)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-276">
            <num>276</num>
            <heading>Subsection 11B(17)</heading>
            <content>
              <p>Omit “persons”, substitute “group entities”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-277">
            <num>277</num>
            <heading>Subsections 11B(18) and (19)</heading>
            <content>
              <p>Repeal the subsections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-278">
            <num>278</num>
            <heading>Subsection 11B(21)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
              <p>Exceptions</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-278__subclause-21">
              <num>21</num>
              <content>
                <p>A group entity is not required to comply with subsection (20) if the question of who has operational control of the facility is not relevant (whether directly or indirectly) to a requirement under this Act.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-279">
            <num>279</num>
            <heading>Subsection 11B(22)</heading>
            <content>
              <p>Omit “person”, substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-280">
            <num>280</num>
            <heading>Subsection 11B(22)</heading>
            <content>
              <p>Omit “or 55A”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-281">
            <num>281</num>
            <heading>Section 11C</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-282">
            <num>282</num>
            <heading>Paragraph 11D(1)(c)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-283">
            <num>283</num>
            <heading>Paragraphs 11D(1)(e) and (f)</heading>
            <content>
              <p>Repeal the paragraphs, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-283__para-e">
              <num>e</num>
              <content>
                <p>at any time during the preceding 5 years, the person has breached a civil penalty provision of this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-283__para-f">
              <num>f</num>
              <content>
                <p>if the person is a body corporate—at any time during the preceding 5 years, an executive officer of the body corporate has breached a civil penalty provision of this Act; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-284">
            <num>284</num>
            <heading>Paragraphs 11D(1)(i) and (j)</heading>
            <content>
              <p>Repeal the paragraphs, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-284__para-i">
              <num>i</num>
              <content>
                <p>the person has been convicted of an offence against this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-284__para-j">
              <num>j</num>
              <content>
                <p>if the person is a body corporate—an executive officer of the body corporate has been convicted of an offence against this Act.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-285">
            <num>285</num>
            <heading>Subdivision A of Division 1 of Part 2 (heading)</heading>
            <content>
              <p>Repeal the heading.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-286">
            <num>286</num>
            <heading>Subsections 13(2) and (3)</heading>
            <content>
              <p>Omit “member of a controlling corporation’s group”, substitute “group entity”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-287">
            <num>287</num>
            <heading>Subsection 13(4)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-288">
            <num>288</num>
            <heading>Subdivision B of Division 1 of Part 2</heading>
            <content>
              <p>Repeal the Subdivision.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-289">
            <num>289</num>
            <heading>Division 4 of Part 2</heading>
            <content>
              <p>Repeal the Division.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-290">
            <num>290</num>
            <heading>Paragraph 18B(3)(b)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-291">
            <num>291</num>
            <heading>Subsection 19(1) (note 4)</heading>
            <content>
              <p>Repeal the note.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-292">
            <num>292</num>
            <heading>Subsection 19(4)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-293">
            <num>293</num>
            <heading>Paragraphs 22(1)(a) and (b)</heading>
            <content>
              <p>Omit “(other than <ref href="#part-3A">Part 3A</ref> or 3D)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-294">
            <num>294</num>
            <heading>Paragraphs 22(2)(a) and (b)</heading>
            <content>
              <p>Omit “(other than <ref href="#part-3A">Part 3A</ref> or 3D)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-295">
            <num>295</num>
            <heading>Parts 3A and 3D</heading>
            <content>
              <p>Repeal the Parts.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-296">
            <num>296</num>
            <heading>Paragraph 22X(1)(a)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-296__para-a">
              <num>a</num>
              <content>
                <p>	(a)	a facility is under the operational control of a member (the <b><i>responsible member</i></b>) of a controlling corporation’s group during the whole or a part of a financial year; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-297">
            <num>297</num>
            <heading>Subsection 24(1AA)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-298">
            <num>298</num>
            <heading>Subsection 24(1AD)</heading>
            <content>
              <p>Omit “22E or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-299">
            <num>299</num>
            <heading>Paragraph 24(1AE)(a)</heading>
            <content>
              <p>Omit “22E(2)(b) or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-300">
            <num>300</num>
            <heading>Subsection 24(1H)</heading>
            <content>
              <p>Omit “22E or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-301">
            <num>301</num>
            <heading>Subsection 24(1J)</heading>
            <content>
              <p>Omit “or financial control liability transfer certificate”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-302">
            <num>302</num>
            <heading>Subsection 24(8)</heading>
            <content>
              <p>Omit “22E or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-303">
            <num>303</num>
            <heading>Subsection 25(1)</heading>
            <content>
              <p>Omit “22G, a person required to provide information under <ref href="#sec-20">section 20</ref>, or a person required to provide a report under <ref href="#sec-22A">section 22A</ref>, 22AA, 22E or 22X”, substitute “22G or 22X, or a person required to provide information under <ref href="#sec-20">section 20</ref>,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-304">
            <num>304</num>
            <heading>Subsection 30(2A)</heading>
            <content>
              <p>Omit “11C, 15A, 15AA, 22A, 22AA, 22E, 22X, 74AA”, substitute “22X”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-305">
            <num>305</num>
            <heading>Section 54A</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-306">
            <num>306</num>
            <heading>Section 55A</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-307">
            <num>307</num>
            <heading>Paragraphs 56(aab), (aa), (ga) and (gb)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-308">
            <num>308</num>
            <heading>Paragraph 56(j)</heading>
            <content>
              <p>Omit “75A;”, substitute “75A.”</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-309">
            <num>309</num>
            <heading>Paragraphs 56(k) and (l)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-310">
            <num>310</num>
            <heading>Section 74AA</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-311">
            <num>311</num>
            <heading>Subsection 74B(1)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-311__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	For the purposes of this section, a person is a <b><i>relevant person</i></b> if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-311__para-a">
              <num>a</num>
              <content>
                <p>the person is the responsible member mentioned in subsection 22X(1); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-311__para-b">
              <num>b</num>
              <content>
                <p>the person is not a registered corporation; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-311__para-c">
              <num>c</num>
              <content>
                <p>the Regulator has reasonable grounds to suspect that the person has contravened, is contravening, or is proposing to contravene, this Act or the regulations.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-312">
            <num>312</num>
            <heading>Subsection 74C(1)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
              <p>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-312__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	For the purposes of this section, a person is a <b><i>relevant person</i></b> if the person:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-312__para-a">
              <num>a</num>
              <content>
                <p>is the responsible member mentioned in subsection 22X(1); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-312__para-b">
              <num>b</num>
              <content>
                <p>is not a registered corporation.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-313">
            <num>313</num>
            <heading>Paragraphs 65C(1)(aa), (ab) and (ac)</heading>
            <content>
              <p>Omit “equal to the prescribed rate component of an amount of levy”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-314">
            <num>314</num>
            <heading>Subsections 65C(4), (5) and (6)</heading>
            <content>
              <p>Repeal the subsections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-315">
            <num>315</num>
            <heading>Sections 69AA to 69AD</heading>
            <content>
              <p>Repeal the sections.</p>
              <p>Petroleum Resource Rent Tax Assessment Act 1987</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-316">
            <num>316</num>
            <heading>Subparagraph 28(1)(b)(iii)</heading>
            <content>
              <p>Omit “expenditure;”, substitute “expenditure.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-317">
            <num>317</num>
            <heading>Paragraph 28(1)(c)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-318">
            <num>318</num>
            <heading>Paragraph 44(1)(ia)</heading>
            <content>
              <p>Repeal the paragraph.</p>
              <p>Taxation Administration Act 1953</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-319">
            <num>319</num>
            <heading>Subsection 355-65(7) in Schedule 1 (table item 3)</heading>
            <content>
              <p>Repeal the item.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-320">
            <num>320</num>
            <heading>Objects</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-320__subclause-1">
              <num>1</num>
              <content>
                <p>The main objects of this Part are:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-320__para-a">
              <num>a</num>
              <content>
                <p>to provide for the winding-up of the carbon tax scheme; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-b">
              <num>b</num>
              <content>
                <p>to ensure that carbon tax liabilities relating to:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-i">
              <num>i</num>
              <content>
                <p>the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-ii">
              <num>ii</num>
              <content>
                <p>the financial year beginning on <date date="2013-07-01">1 July 2013</date>;</p>
              </content>
            </paragraph>
            <content>
              <p>can be administered, collected and recovered after the start of <date date="2014-07-01">1 July 2014</date>; and</p>
            </content>
            <paragraph eId="schedule-1__clause-320__para-c">
              <num>c</num>
              <content>
                <p>to ensure that liable entities can take steps, after the start of <date date="2014-07-01">1 July 2014</date>, to avoid being liable to pay unit shortfall charge in relation to the financial year beginning on <date date="2013-07-01">1 July 2013</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-d">
              <num>d</num>
              <content>
                <p>to ensure that, after the start of <date date="2014-07-01">1 July 2014</date>, the Regulator can issue carbon units that are required for the financial year beginning on <date date="2013-07-01">1 July 2013</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-e">
              <num>e</num>
              <content>
                <p>to continue, after the start of <date date="2014-07-01">1 July 2014</date>, the carbon tax related rights and obligations of liable entities, so far as those rights and obligations relate to:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-i">
              <num>i</num>
              <content>
                <p>the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-ii">
              <num>ii</num>
              <content>
                <p>the financial year beginning on <date date="2013-07-01">1 July 2013</date>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-320__subclause-2">
              <num>2</num>
              <content>
                <p>The other objects of this Part are:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-320__para-a">
              <num>a</num>
              <content>
                <p>to ensure the validity of any carbon units issued as the result of an auction conducted before <date date="2014-07-01">1 July 2014</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-b">
              <num>b</num>
              <content>
                <p>to cancel any carbon units that are not required for the financial year beginning on <date date="2013-07-01">1 July 2013</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-320__para-c">
              <num>c</num>
              <content>
                <p>to ensure that, while carbon units remain in existence, the units remain subject to other Commonwealth laws.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-321">
            <num>321</num>
            <heading>Definitions</heading>
            <content>
              <p>In this Part:</p>
              <p><b><i>designated carbon unit day</i></b> has the meaning given by item 322.</p>
              <p><b><i>Registry </i></b>has the same meaning as in the <i>Australian National Registry of Emissions Units Act 2011</i>.</p>
              <p><b><i>Registry account</i></b><i> </i>has the same meaning as in the <i>Australian National Registry of Emissions Units Act 2011</i>.</p>
              <p><b><i>Regulator</i></b> means the Clean Energy Regulator.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-322">
            <num>322</num>
            <heading>Designated carbon unit day</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-322__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	For the purposes of this Part, <b><i>designated carbon unit day</i></b> means:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-322__para-a">
              <num>a</num>
              <content>
                <p><date date="2015-02-09">9 February 2015</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-322__para-b">
              <num>b</num>
              <content>
                <p>if a later day is specified in an instrument under subitem (2)—that later day.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-322__subclause-2">
              <num>2</num>
              <content>
                <p>The Regulator may, by legislative instrument, specify a day for the purposes of paragraph (1)(b).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-322__subclause-3">
              <num>3</num>
              <content>
                <p>(3)	The Regulator must not make an instrument under subitem (2) unless the Regulator has made a determination under subsection 142(3) of the <i>Clean Energy Act 2011</i> that relates to 2 February 2015.</p>
              </content>
            </hcontainer>
            <content>
              <p>Note:	Subsection 142(3) of the <i>Clean Energy Act 2011</i> enables the Regulator to extend the 2 February 2015 surrender deadline. See also item 345A (deadlines of 1 February and 15 June).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-323">
            <num>323</num>
            <heading>Winding-up of the carbon tax scheme—recovery of liabilities attributable to pre-1 July 2014 emissions etc.</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-323__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	Despite the repeal of the <i>Clean Energy Act 2011</i> by this Schedule, that Act continues in force, subject to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-323__para-a">
              <num>a</num>
              <content>
                <p>this Part; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-323__para-b">
              <num>b</num>
              <content>
                <p>the modifications set out in the following table;</p>
              </content>
            </paragraph>
            <content>
              <p>as if that repeal had not happened.</p>
              <p>Carbon units with a vintage year beginning on or after <date date="2014-07-01">1 July 2014</date></p>
              <p>Review of decisions</p>
              <p>Civil penalty orders</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-323__subclause-2">
              <num>2</num>
              <content>
                <p>The modification made by item 3 of the table in subitem (1) does not apply in relation to the issue of a carbon unit with a vintage year beginning on or after <date date="2014-07-01">1 July 2014</date>, if the carbon unit was issued as a result of an auction conducted before <date date="2014-07-01">1 July 2014</date>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-323__subclause-3">
              <num>3</num>
              <content>
                <p>(3)	The modification of <i>Clean Energy Act 2011 </i>made by the table in subitem (1) does not apply to a decision made before 1 July 2014.<ref href="#sec-281">section 281</ref> of the </p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-323__subclause-4">
              <num>4</num>
              <content>
                <p>(4)	The modification of <i>Clean Energy Act 2011 </i>made by the table in subitem (1) does not apply to a contravention that occurred before 1 July 2014.<ref href="#sec-262">section 262</ref> of the </p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-324">
            <num>324</num>
            <heading>Application—repeal of Charge Acts</heading>
            <content>
              <p>Charge for issue of carbon units for a fixed charge</p>
              <p>does not apply to the issue of carbon units with a vintage year beginning on <date date="2012-07-01">1 July 2012</date> or <date date="2013-07-01">1 July 2013</date>.</p>
              <p>Charge for issue of carbon units as a result of an auction</p>
              <p>does not apply to the issue of carbon units if the carbon units were issued as a result of an auction conducted before <date date="2014-07-01">1 July 2014</date>.</p>
              <p>Charge on unit shortfall</p>
              <p>does not apply to:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-324__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	The repeal by this Schedule of the following Acts, so far as they relate to the issue of carbon units in accordance with <i>Clean Energy Act 2011</i>:<ref href="#sec-100">section 100</ref> of the </p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-324__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Clean Energy (Charges—Customs) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-324__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Clean Energy (Charges—Excise) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-324__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the <i>Clean Energy (Unit Issue Charge—Fixed Charge) Act 2011</i>;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-324__subclause-2">
              <num>2</num>
              <content>
                <p>The repeal by this Schedule of the following Acts, so far as they relate to the issue of carbon units as a result of an auction:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-324__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Clean Energy (Charges—Customs) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-324__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Clean Energy (Charges—Excise) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-324__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the <i>Clean Energy (Unit Issue Charge—Auctions) Act 2011</i>;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-324__subclause-3">
              <num>3</num>
              <content>
                <p>The repeal by this Schedule of the following Acts, so far as they relate to a unit shortfall for a financial year:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-324__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Clean Energy (Charges—Customs) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-324__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Clean Energy (Charges—Excise) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-324__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the <i>Clean Energy (Unit Shortfall Charge—General) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-324__para-d">
              <num>d</num>
              <content>
                <p>a unit shortfall for the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-324__para-e">
              <num>e</num>
              <content>
                <p>a unit shortfall for the financial year beginning on <date date="2013-07-01">1 July 2013</date>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-325">
            <num>325</num>
            <heading>Issue of carbon units</heading>
            <content>
              <p>The Regulator must not issue any carbon units after the start of the designated carbon unit day.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-327">
            <num>327</num>
            <heading>Cancellation of carbon units—designated carbon unit day</heading>
            <content>
              <p>Scope</p>
              <p>Cancellation of unit</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-327__subclause-1">
              <num>1</num>
              <content>
                <p>This item applies if there was an entry for a carbon unit in a person’s Registry account at the start of the designated carbon unit day.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-327__subclause-2">
              <num>2</num>
              <content>
                <p>The Regulator must cancel the unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-327__subclause-3">
              <num>3</num>
              <content>
                <p>The Regulator must remove the entry for the unit from the person’s Registry account.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-327__subclause-4">
              <num>4</num>
              <content>
                <p>The Registry must set out a record of each cancellation under subitem (2).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-328">
            <num>328</num>
            <heading>Surrender of eligible Australian carbon credit units</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-328__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-328__para-a">
              <num>a</num>
              <content>
                <p>	(a)	subsection 128(7) of the <i>Clean Energy Act 2011 </i>applies to a person because the person surrendered, in relation to the financial year beginning on 1 July 2013, eligible Australian carbon credit units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-328__para-b">
              <num>b</num>
              <content>
                <p>under paragraph (c) of that subsection, <ref href="#dvs-3">Division 3</ref> of <ref href="#part-6">Part 6</ref> of that Act has effect as if the person had not surrendered, during the period mentioned in paragraph (a) of that subsection, a particular number of eligible Australian carbon credit units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-328__para-c">
              <num>c</num>
              <content>
                <p>the person has a Registry account;</p>
              </content>
            </paragraph>
            <content>
              <p>then:</p>
              <p>		are <b><i>restored units</i></b> for the purposes of this item; and</p>
            </content>
            <paragraph eId="schedule-1__clause-328__para-d">
              <num>d</num>
              <content>
                <p>the Regulator must, by written notice given to the person, determine that specified eligible Australian carbon credit units that were surrendered by the person:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-328__para-i">
              <num>i</num>
              <content>
                <p>during that period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-328__para-ii">
              <num>ii</num>
              <content>
                <p>in relation to the financial year beginning on <date date="2013-07-01">1 July 2013</date>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-328__para-e">
              <num>e</num>
              <content>
                <p>a restored unit is taken never to have been surrendered or cancelled; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-328__para-f">
              <num>f</num>
              <content>
                <p>the Regulator must make an entry for a restored unit in a Registry account kept by the person.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-328__subclause-2">
              <num>2</num>
              <content>
                <p>The number of units specified in the determination must equal the number mentioned in paragraph (1)(b).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-328__subclause-3">
              <num>3</num>
              <content>
                <p>(3)	Subitem (1) does not affect the validity of the removal of the entry of a restored unit from a Registry account in accordance with paragraph 122(12)(b) of the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-328__subclause-4">
              <num>4</num>
              <content>
                <p>A determination under paragraph (1)(d) is not a legislative instrument.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-329">
            <num>329</num>
            <heading>Opt-in Scheme</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-329__subclause-1">
              <num>1</num>
              <content>
                <p>A reference in the Opt-in Scheme to a financial year does not include a reference to a financial year beginning on or after <date date="2014-07-01">1 July 2014</date>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-329__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Regulations 3.48 and 3.50 of the <i>Clean Energy Regulations</i><i> </i><i>2011</i> cease to have effect at the end of 30 June 2014.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-330">
            <num>330</num>
            <heading>Transitional—A New Tax System (Goods and Services Tax) Act 1999</heading>
            <content>
              <p>Despite the amendments of the <i>A New Tax System (Goods and Services Tax) Act 1999</i> made by this Schedule, that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-331">
            <num>331</num>
            <heading>Transitional—Anti-Money Laundering and Counter-Terrorism Financing Act 2006</heading>
            <content>
              <p>Despite the amendments of the <i>Anti</i><i>-</i><i>Money Laundering and Counter</i><i>-</i><i>Terrorism Financing Act 2006</i> made by this Schedule, that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-332">
            <num>332</num>
            <heading>Transitional—Australian National Registry of Emissions Units Act 2011</heading>
            <content>
              <p>Despite the amendments of the <i>Australian National Registry of Emissions Units Act 2011 </i>made by this Schedule, that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-333">
            <num>333</num>
            <heading>Transitional—Clean Energy Regulator Act 2011</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-333__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	Despite the amendment of the definition of <b><i>climate change law</i></b> in section 4 of the <i>Clean Energy Regulator Act 2011</i> made by this Schedule, that definition<i> </i>continues to apply, in relation to paragraph 12(a) and subsection 43(3) and section 44 of that Act, as if that amendment had not been made.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-333__subclause-2">
              <num>2</num>
              <content>
                <p>Each of the following:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-333__para-a">
              <num>a</num>
              <content>
                <p>this Act;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-333__para-b">
              <num>b</num>
              <content>
                <p>a legislative instrument under this Act;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-333__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the <i>True</i><i>-</i><i>up Shortfall Levy (General) (Carbon Tax Repeal) </i><i>Act 2014</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-333__para-d">
              <num>d</num>
              <content>
                <p>	(d)	the <i>True</i><i>-</i><i>up Shortfall Levy (Excise) (Carbon Tax Repeal) </i><i>Act 2014</i>;</p>
              </content>
            </paragraph>
            <content>
              <p>is taken to be a climate change law for the purposes of paragraph 12(a) and subsection 43(3) and <i>Clean Energy Regulator Act 2011</i>.<ref href="#sec-44">section 44</ref> of the </p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-334">
            <num>334</num>
            <heading>Application—amendments of the Fuel Tax Act 2006</heading>
            <content>
              <p>The amendments of the <i>Fuel Tax Act 2006</i> made by this Schedule apply to taxable fuel acquired, manufactured or imported on or after 1 July 2014.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-335">
            <num>335</num>
            <heading>Application—amendment of the Fuel Tax (Consequential and Transitional Provisions) Act 2006</heading>
            <content>
              <p>The amendment of the <i>Fuel Tax (Consequential and Transitional Provisions) Act 2006</i> made by this Act applies to taxable fuel acquired, manufactured or imported on or after 1 July 2014.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-336">
            <num>336</num>
            <heading>Application—amendments of the Income Tax Assessment Act 1997</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-336__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	The repeal of <i>Income Tax Assessment Act 1997</i> by this Schedule does not apply to unit shortfall charge imposed on:<ref href="#sec-26">section 26</ref>-18 of the </p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-336__para-a">
              <num>a</num>
              <content>
                <p>a unit shortfall for the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-336__para-b">
              <num>b</num>
              <content>
                <p>a unit shortfall for the financial year beginning on <date date="2013-07-01">1 July 2013</date>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-336__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Despite the amendments of the <i>Income Tax Assessment Act 1997 </i>made by this Schedule (other than the amendment of section 12-5 or the repeal of section 26-18), that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-337">
            <num>337</num>
            <heading>Transitional—National Greenhouse and Energy Reporting Act 2007</heading>
            <content>
              <p>General</p>
              <p>as if:</p>
              <p>Thresholds</p>
              <p>Reports</p>
              <p>Unsatisfactory compliance record</p>
              <p>as if those amendments had not been made.</p>
              <p>Regulations—carbon dioxide equivalence</p>
              <p>Deregistration—<ref href="#sec-18A">section 18A</ref> registrations</p>
              <p>the Regulator must remove the person’s name from the Register.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-337__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	Despite the amendments of the <i>National Greenhouse and Energy Reporting Act 2007</i><i> </i>made by this Schedule, that Act continues to apply, in relation to the following matters:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-337__para-a">
              <num>a</num>
              <content>
                <p>	(a)	determining the meaning of the following expressions, when used in the <i>Clean Energy Act 2011</i>:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-i">
              <num>i</num>
              <content>
                <p>carbon dioxide equivalence;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-ii">
              <num>ii</num>
              <content>
                <p>facility;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-iii">
              <num>iii</num>
              <content>
                <p>greenhouse gas;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-iv">
              <num>iv</num>
              <content>
                <p>group;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-v">
              <num>v</num>
              <content>
                <p>member, when used in relation to a group;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-vi">
              <num>vi</num>
              <content>
                <p>non-group entity;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-vii">
              <num>vii</num>
              <content>
                <p>operational control;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-viii">
              <num>viii</num>
              <content>
                <p>potential greenhouse gas emissions;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-ix">
              <num>ix</num>
              <content>
                <p>provisional emissions number;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-x">
              <num>x</num>
              <content>
                <p>scope 1 emission of greenhouse gas;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the matters mentioned in subsections 10(3) to (9) of the <i>National Greenhouse and Energy Reporting Act 2007</i>, so far as those matters are relevant to the <i>Clean Energy Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-c">
              <num>c</num>
              <content>
                <p>	(c)	reports under <i>National Greenhouse and Energy Reporting Act 2007</i>;<ref href="#sec-22A">section 22A</ref>, 22AA or 22E of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-d">
              <num>d</num>
              <content>
                <p>	(d)	records under <i>National Greenhouse and Energy Reporting Act 2007</i>;<ref href="#sec-22B">section 22B</ref>, 22C or 22F of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-e">
              <num>e</num>
              <content>
                <p>	(e)	applications under <i>National Greenhouse and Energy Reporting Act 2007</i>;<ref href="#sec-15A">section 15A</ref> or 15AA of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-f">
              <num>f</num>
              <content>
                <p>	(f)	the registration of persons under <i>National Greenhouse and Energy Reporting Act 2007</i>;<ref href="#sec-18A">section 18A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-g">
              <num>g</num>
              <content>
                <p>	(g)	the publication of information under <i>National Greenhouse and Energy Reporting Act 2007</i>, so far as the information relates to:<ref href="#sec-24">section 24</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-i">
              <num>i</num>
              <content>
                <p>the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-ii">
              <num>ii</num>
              <content>
                <p>the financial year beginning on <date date="2013-07-01">1 July 2013</date>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-h">
              <num>h</num>
              <content>
                <p>	(h)	audits under <i>National Greenhouse and Energy Reporting Act 2007</i>;<ref href="#sec-74A">section 74A</ref>A of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-i">
              <num>i</num>
              <content>
                <p>	(i)	audits under <i>National Greenhouse and Energy Reporting Act 2007</i>, so far as the audits relate to a person’s compliance with obligations under that Act (or regulations under that Act) in relation to:<ref href="#sec-74B">section 74B</ref> or 74C of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-i">
              <num>i</num>
              <content>
                <p>the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-ii">
              <num>ii</num>
              <content>
                <p>the financial year beginning on <date date="2013-07-01">1 July 2013</date>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-j">
              <num>j</num>
              <content>
                <p>	(j)	the <i>National Greenhouse and Energy Reporting Act 2007</i> were modified as set out in the following table; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-k">
              <num>k</num>
              <content>
                <p>those amendments had not been made; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-l">
              <num>l</num>
              <content>
                <p>subitem (6) had not been enacted.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-337__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	The amendments of the <i>National Greenhouse and Energy Reporting Act 2007 </i>made by this Schedule, so far as they are relevant to determining whether a controlling corporation’s group meets a threshold under section 13 of that Act for a financial year, apply in relation to a threshold for:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-337__para-a">
              <num>a</num>
              <content>
                <p>the financial year beginning on <date date="2014-07-01">1 July 2014</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-b">
              <num>b</num>
              <content>
                <p>a later financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-337__subclause-3">
              <num>3</num>
              <content>
                <p>(3)	The amendments of the <i>National Greenhouse and Energy Reporting Act 2007 </i>made by this Schedule, so far as they relate to reports under section 19 of that Act, apply in relation to reports for:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-337__para-a">
              <num>a</num>
              <content>
                <p>the financial year beginning on <date date="2014-07-01">1 July 2014</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-b">
              <num>b</num>
              <content>
                <p>a later financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-337__subclause-4">
              <num>4</num>
              <content>
                <p>(4)	The amendments of the <i>National Greenhouse and Energy Reporting Act 2007 </i>made by this Schedule, so far as they relate to reports under section 22G or 22X of that Act, apply in relation to reports for:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-337__para-a">
              <num>a</num>
              <content>
                <p>the financial year beginning on <date date="2014-07-01">1 July 2014</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-b">
              <num>b</num>
              <content>
                <p>a later financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-337__subclause-5">
              <num>5</num>
              <content>
                <p>(5)	Despite the amendments of <i>National Greenhouse and Energy Reporting Act 2007</i><i> </i>made by this Schedule, that Act continues to apply, in relation to:<ref href="#sec-11D">section 11D</ref> of the </p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-337__para-a">
              <num>a</num>
              <content>
                <p>unpaid unit shortfall charge; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-b">
              <num>b</num>
              <content>
                <p>a breach of a civil penalty provision of:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	the <i>Clean Energy Act 2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-iii">
              <num>iii</num>
              <content>
                <p>	(iii)	a determination under <i>Clean Energy Act 2011</i>; and<ref href="#sec-113">section 113</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-c">
              <num>c</num>
              <content>
                <p>	(c)	a conviction of an offence against the <i>Clean Energy Act 2011</i>;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-337__subclause-6">
              <num>6</num>
              <content>
                <p>(6)	If, immediately before the commencement of this item, regulations were in force for the purposes of paragraph (a) of the definition of <b><i>carbon dioxide equivalence</i></b> in section 7 of the <i>National Greenhouse and Energy Reporting Act 2007</i>, the regulations have effect, after that commencement, as if they had been made for the purposes of the definition of <b><i>carbon dioxide equivalence</i></b> in section 7 of that Act as amended by this Schedule.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-337__subclause-7">
              <num>7</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-337__para-a">
              <num>a</num>
              <content>
                <p>	(a)	a person was registered under the <i>National Greenhouse and Energy Reporting Act 2007</i> because of the operation of section 18A of that Act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-337__para-b">
              <num>b</num>
              <content>
                <p>the person is registered under that Act as at the start of <date date="2014-07-01">1 July 2014</date>;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-338">
            <num>338</num>
            <heading>Transitional—Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</heading>
            <content>
              <p>Amounts to be credited to the Ozone Protection and SGG Account</p>
              <p>Remission or refund of levy for a quarter ending before <date date="2014-07-01">1 July 2014</date></p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-338__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	Despite the amendments of <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i> made by this Schedule, that section continues to apply, in relation to levy for a quarter ending before 1 July 2014, as if those amendments had not been made.<ref href="#sec-65C">section 65C</ref> of the </p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-338__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Despite the repeal of sections 69AA to 69AD of the <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i> by this Schedule, those sections continue to apply, in relation to levy for a quarter ending before 1 July 2014, as if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-338__para-a">
              <num>a</num>
              <content>
                <p>that Act provided that an application under <date date="2016-01-01">1 January 2016</date>; and<ref href="#sec-69A">section 69A</ref>A, 69AB or 69AC of that Act must be made before </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-338__para-b">
              <num>b</num>
              <content>
                <p>that repeal had not happened.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-339">
            <num>339</num>
            <heading>Transitional—Petroleum Resource Rent Tax Assessment Act 1987</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-339__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	Despite the amendments of <i>Petroleum Resource Rent Tax Assessment Act 1987</i> made by this Schedule, that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made.<ref href="#sec-28">section 28</ref> of the </p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-339__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	The repeal of paragraph 44(1)(ia) of the <i>Petroleum Resource Rent Tax Assessment Act 1987</i> by this Schedule does not apply to unit shortfall charge imposed on:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-339__para-a">
              <num>a</num>
              <content>
                <p>a unit shortfall for the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-339__para-b">
              <num>b</num>
              <content>
                <p>a unit shortfall for the financial year beginning on <date date="2013-07-01">1 July 2013</date>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-340">
            <num>340</num>
            <heading>Transitional—Taxation Administration Act 1953</heading>
            <content>
              <p>Despite the amendment of the <i>Taxation Administration Act 1953 </i>made by this Schedule, that Act continues to apply, in relation to records or disclosures made for the purpose of:</p>
              <p>as if that amendment had not been made.</p>
            </content>
            <paragraph eId="schedule-1__clause-340__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the verification from the Regulator of information provided to the Commissioner under or for the purposes of the <i>Fuel Tax Act 2006</i> so far as that Act applies to taxable fuel acquired, manufactured or imported before 1 July 2014; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-340__para-b">
              <num>b</num>
              <content>
                <p>	(b)	administering the <i>Clean Energy Act 2011</i> or the associated provisions (within the meaning of that Act);</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-342">
            <num>342</num>
            <heading>Transitional rules</heading>
            <content>
              <p>The Minister may, by legislative instrument, make rules in relation to transitional matters arising out of the amendments and repeals<i> </i>made by<i> </i>this<i> </i>Schedule.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-343">
            <num>343</num>
            <heading>Auctions of carbon units</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-343__subclause-1">
              <num>1</num>
              <content>
                <p>The Regulator must not conduct an auction of carbon units after the earlier of the following days:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-343__para-a">
              <num>a</num>
              <content>
                <p>the day this item commences;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-343__para-b">
              <num>b</num>
              <content>
                <p><date date="2014-06-30">30 June 2014</date>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-343__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Any determination under subsection 113(1) of the <i>Clean Energy Act 2011</i> ceases to have effect at the end of the day (the <b><i>relevant day</i></b>) that is the earlier of the following days:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-343__para-a">
              <num>a</num>
              <content>
                <p>the day this item commences;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-343__para-b">
              <num>b</num>
              <content>
                <p><date date="2014-06-30">30 June 2014</date>;</p>
              </content>
            </paragraph>
            <content>
              <p>except to the extent to which the determination relates to auctions conducted on or before the relevant day.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-343A">
            <num>343A</num>
            <heading>Carbon units issued as a result of an auction conducted by the Regulator</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-343A__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-343A__para-a">
              <num>a</num>
              <content>
                <p>a carbon unit was issued as a result of an auction conducted by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-343A__para-b">
              <num>b</num>
              <content>
                <p>there is an entry for the unit in a person’s Registry account as at 3.00 pm (by legal time in the Australian Capital Territory) on the fifth business day after the day this item commences;</p>
              </content>
            </paragraph>
            <content>
              <p>the Regulator must:</p>
              <p><b><i>business day</i></b> means a day that is not:</p>
            </content>
            <paragraph eId="schedule-1__clause-343A__para-c">
              <num>c</num>
              <content>
                <p>cancel the unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-343A__para-d">
              <num>d</num>
              <content>
                <p>remove the entry for the unit from the person’s Registry account; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-343A__para-e">
              <num>e</num>
              <content>
                <p>on behalf of the Commonwealth, pay to the person an amount equal to the charge paid for the issue of the unit.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-343A__subclause-2">
              <num>2</num>
              <content>
                <p>The Registry must set out a record of each cancellation under paragraph (1)(c).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-343A__subclause-3">
              <num>3</num>
              <content>
                <p>The Consolidated Revenue Fund is appropriated for the purposes of making payments under this item.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-343A__subclause-4">
              <num>4</num>
              <content>
                <p>In this item:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-343A__para-a">
              <num>a</num>
              <content>
                <p>a Saturday; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-343A__para-b">
              <num>b</num>
              <content>
                <p>a Sunday; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-343A__para-c">
              <num>c</num>
              <content>
                <p>a public holiday in the Australian Capital Territory.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-344">
            <num>344</num>
            <heading>Carbon pollution cap regulations</heading>
            <content>
              <p>If this item commences on a day (the <b><i>commencement day</i></b>) before 31 May 2014, the <i>Clean Energy Act 2011</i> has effect during the period:</p>
              <p>as if <ref href="#sec-16">section 16</ref> of that Act had not been enacted.</p>
            </content>
            <paragraph eId="schedule-1__clause-344__para-a">
              <num>a</num>
              <content>
                <p>beginning at the start of <date>the commencement day</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-344__para-b">
              <num>b</num>
              <content>
                <p>ending at the end of <date date="2014-06-30">30 June 2014</date>;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-345">
            <num>345</num>
            <heading>Fixed charge regulations</heading>
            <content>
              <p>If this item commences on a day (the <b><i>commencement day</i></b>) before 31 May 2014, the <i>Clean Energy Act 2011</i> has effect during the period:</p>
              <p>as if subsections 100(14) and (15) of that Act had not been enacted.</p>
            </content>
            <paragraph eId="schedule-1__clause-345__para-a">
              <num>a</num>
              <content>
                <p>beginning at the start of <date>the commencement day</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-345__para-b">
              <num>b</num>
              <content>
                <p>ending at the end of <date date="2014-06-30">30 June 2014</date>;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-345A">
            <num>345A</num>
            <heading>Deadlines of 1 February and 15 June</heading>
            <content>
              <p>The <i>Clean Energy Act 2011</i> has, and is taken always to have had, effect as if the following definitions were inserted in section 5 of that Act:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-15">
            <num>15</num>
            <heading>June means:</heading>
            <paragraph eId="schedule-1__clause-15__para-a">
              <num>a</num>
              <content>
                <p>if the 15 June concerned is a business day—that 15 June; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15__para-b">
              <num>b</num>
              <content>
                <p>if the 15 June concerned is not a business day—the first business day after that 15 June.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-1">
            <num>1</num>
            <heading>February means:</heading>
            <paragraph eId="schedule-1__clause-1__para-a">
              <num>a</num>
              <content>
                <p>if the 1 February concerned is a business day—that 1 February; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-1__para-b">
              <num>b</num>
              <content>
                <p>if the 1 February concerned is not a business day—the first business day after that 1 February.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-345B">
            <num>345B</num>
            <heading>Surplus and estimation error adjustment number</heading>
            <content>
              <p>The Clean Energy Act 2011 has, and is taken always to have had, effect as if the formula in subsection 131(3) of that Act were omitted and the following formula substituted:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-345C">
            <num>345C</num>
            <heading>Definitions</heading>
            <content>
              <p>If this Division commences before <date date="2014-07-01">1 July 2014</date>, this Division has effect as if item 321 (definitions) had commenced at the same time as this Division commences.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-345D">
            <num>345D</num>
            <heading>Compensation for acquisition of property</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-345D__subclause-1">
              <num>1</num>
              <content>
                <p>If the operation of this Schedule would result in an acquisition of property (within the meaning of paragraph 51(xxxi) of the Constitution) from a person otherwise than on just terms (within the meaning of that paragraph), the Commonwealth is liable to pay a reasonable amount of compensation to the person.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-345D__subclause-2">
              <num>2</num>
              <content>
                <p>If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in a court of competent jurisdiction for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-346">
            <num>346</num>
            <heading>Definitions</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-346__subclause-1">
              <num>1</num>
              <content>
                <p>In this Part:</p>
              </content>
            </hcontainer>
            <content>
              <p><b><i>levy</i></b> means levy imposed by whichever of the following is applicable:</p>
              <p><b><i>over</i></b><b><i>-</i></b><b><i>allocation of free carbon units</i></b><i> </i>has the meaning given by item 354.</p>
              <p><b><i>rules</i></b> means rules made under item 359.</p>
              <p><b><i>true</i></b><b><i>-</i></b><b><i>up shortfall</i></b> has the meaning given by item 355.</p>
              <p><b><i>under</i></b><b><i>-</i></b><b><i>allocation of free carbon units</i></b> has the meaning given by item 352.</p>
            </content>
            <paragraph eId="schedule-1__clause-346__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>True</i><i>-</i><i>up Shortfall Levy (General) (Carbon Tax Repeal) </i><i>Act 2014</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-346__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>True</i><i>-</i><i>up Shortfall Levy (Excise) (Carbon Tax Repeal) </i><i>Act 2014</i>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-346__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	An expression used in this Part and in the <i>Clean Energy Act 2011</i> has the same meaning in this Part as in that Act.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-347">
            <num>347</num>
            <heading>Crown to be bound</heading>
            <content>
              <p>This Part binds the Crown in right of each of the States, of the Australian Capital Territory, of the Northern Territory and of Norfolk Island. However, it does not bind the Crown in right of the Commonwealth.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-348">
            <num>348</num>
            <heading>Extension to external Territories</heading>
            <content>
              <p>This Part extends to every external Territory.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-349">
            <num>349</num>
            <heading>Extension to exclusive economic zone and continental shelf</heading>
            <content>
              <p>This Part extends to Australia’s exclusive economic zone and continental shelf.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-350">
            <num>350</num>
            <heading>Extension to Joint Petroleum Development Area</heading>
            <content>
              <p>This Part extends to the Joint Petroleum Development Area.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-351">
            <num>351</num>
            <heading>Reporting requirements</heading>
            <content>
              <p>Report</p>
              <p>Designated person</p>
              <p>Compliance with reporting requirements</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-351__subclause-1">
              <num>1</num>
              <content>
                <p>The rules may make provision for and in relation to requiring a designated person to give a written report to the Regulator for the purposes of this Part.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-351__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	For the purposes of this item, a person is a <b><i>designated person</i></b> if free carbon units with a vintage year beginning on 1 July 2013 are or were issued to the person in accordance with the Jobs and Competitiveness Program.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-351__subclause-3">
              <num>3</num>
              <content>
                <p>(3)	Subsection 151(1) of the <i>Clean Energy Act 2011</i> has effect as if a requirement under rules made for the purposes of subitem (1) were a requirement under the Jobs and Competitiveness Program.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-352">
            <num>352</num>
            <heading>Under-allocation of free carbon units</heading>
            <content>
              <p>For the purposes of this Part, if:</p>
              <p>then:</p>
            </content>
            <paragraph eId="schedule-1__clause-352__para-a">
              <num>a</num>
              <content>
                <p>free carbon units with a vintage year beginning on <date date="2013-07-01">1 July 2013</date> are or were issued to a person in accordance with the Jobs and Competitiveness Program; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-352__para-b">
              <num>b</num>
              <content>
                <p>the conditions specified in the rules are satisfied;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-352__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the person has an <b><i>under</i></b><b><i>-</i></b><b><i>allocation of free carbon units</i></b>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-352__para-d">
              <num>d</num>
              <content>
                <p>the number of units in that under-allocation is equal to the number ascertained in accordance with the rules.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-353">
            <num>353</num>
            <heading>Issue of additional free carbon units</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-353__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-353__para-a">
              <num>a</num>
              <content>
                <p>a person has an under-allocation of free carbon units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-353__para-b">
              <num>b</num>
              <content>
                <p>the person has a Registry account;</p>
              </content>
            </paragraph>
            <content>
              <p>the Regulator must:</p>
            </content>
            <paragraph eId="schedule-1__clause-353__para-c">
              <num>c</num>
              <content>
                <p>	(c)	issue to the person, under <i>Clean Energy Act 2011</i>, a number of free carbon units equal to the number of units in the under-allocation; and<ref href="#sec-94">section 94</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-353__para-d">
              <num>d</num>
              <content>
                <p>do so within the period ascertained in accordance with the rules.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-353__subclause-2">
              <num>2</num>
              <content>
                <p>Free carbon units issued in accordance with subitem (1):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-353__para-a">
              <num>a</num>
              <content>
                <p>are to have a vintage year beginning on <date date="2013-07-01">1 July 2013</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-353__para-b">
              <num>b</num>
              <content>
                <p>are taken (except for the purposes of this Part) to have been issued in accordance with the Jobs and Competitiveness Program.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-354">
            <num>354</num>
            <heading>Over-allocation of free carbon units</heading>
            <content>
              <p>For the purposes of this Part, if:</p>
              <p>then:</p>
            </content>
            <paragraph eId="schedule-1__clause-354__para-a">
              <num>a</num>
              <content>
                <p>free carbon units with a vintage year beginning on <date date="2013-07-01">1 July 2013</date> are or were issued to a person in accordance with the Jobs and Competitiveness Program; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-354__para-b">
              <num>b</num>
              <content>
                <p>the conditions specified in the rules are satisfied;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-354__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the person has an <b><i>over</i></b><b><i>-</i></b><b><i>allocation of free carbon units</i></b>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-354__para-d">
              <num>d</num>
              <content>
                <p>the number of units in that over-allocation is equal to the number ascertained in accordance with the rules.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-355">
            <num>355</num>
            <heading>True-up shortfall</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-355__subclause-1">
              <num>1</num>
              <content>
                <p>For the purposes of this Part, if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-355__para-a">
              <num>a</num>
              <content>
                <p>a person has an over-allocation of free carbon units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-355__para-b">
              <num>b</num>
              <content>
                <p>the number worked out using the formula in subitem (2) exceeds zero;</p>
              </content>
            </paragraph>
            <content>
              <p>then:</p>
              <p>Note:	Levy is imposed on a true-up shortfall by whichever of the following is applicable:</p>
              <p>	</p>
              <p>where:</p>
              <p><b><i>number of units relinquished</i></b> means the number of carbon units with a vintage year beginning on 1 July 2013 that were relinquished by the person (other than as mentioned in paragraph 210(2)(b) or (c) of the <i>Clean Energy Act 2011</i>) during the period ascertained in accordance with the rules.</p>
            </content>
            <paragraph eId="schedule-1__clause-355__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the person has a <b><i>true</i></b><b><i>-</i></b><b><i>up shortfall</i></b>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-355__para-d">
              <num>d</num>
              <content>
                <p>the number of units in that shortfall is equal to the number worked out using that formula.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-355__para-a">
              <num>a</num>
              <content>
                <p>(a)	the <i>True</i><i>-</i><i>up Shortfall Levy (General) (Carbon Tax Repeal) </i><i>Act 2014</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-355__para-b">
              <num>b</num>
              <content>
                <p>(b)	the <i>True</i><i>-</i><i>up Shortfall Levy (Excise) (Carbon Tax Repeal) </i><i>Act 2014</i>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-355__subclause-2">
              <num>2</num>
              <content>
                <p>The formula is as follows:</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-356">
            <num>356</num>
            <heading>When levy is due and payable</heading>
            <content>
              <p>Levy imposed on a true-up shortfall of a person is due and payable at the end of the period ascertained in accordance with the rules.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-357">
            <num>357</num>
            <heading>Late payment penalty</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-357__subclause-1">
              <num>1</num>
              <content>
                <p>If an amount of levy payable by a person remains unpaid after the time when it became due for payment, the person is liable to pay, by way of penalty, an amount calculated at the rate of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-357__para-a">
              <num>a</num>
              <content>
                <p>20% per annum; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-357__para-b">
              <num>b</num>
              <content>
                <p>if a lower percentage is specified in the rules—that lower percentage per annum;</p>
              </content>
            </paragraph>
            <content>
              <p>on the amount unpaid, computed from that time.</p>
              <p>Power to remit</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-357__subclause-2">
              <num>2</num>
              <content>
                <p>The Regulator may remit the whole or a part of an amount payable under subitem (1).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-357__subclause-3">
              <num>3</num>
              <content>
                <p>Applications may be made to the Administrative Review Tribunal for review of decisions of the Regulator under subitem (2) to refuse to remit the whole or a part of an amount.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-358">
            <num>358</num>
            <heading>Recovery of levy and late payment penalty</heading>
            <content>
              <p>Scope</p>
              <p>Recovery</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-358__subclause-1">
              <num>1</num>
              <content>
                <p>This item applies to the following amounts:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-358__para-a">
              <num>a</num>
              <content>
                <p>an amount of levy;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-358__para-b">
              <num>b</num>
              <content>
                <p>an amount payable under item 357.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-358__subclause-2">
              <num>2</num>
              <content>
                <p>The amount:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-358__para-a">
              <num>a</num>
              <content>
                <p>is a debt due to the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-358__para-b">
              <num>b</num>
              <content>
                <p>may be recovered by the Regulator, on behalf of the Commonwealth, by action in a court of competent jurisdiction.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-358A">
            <num>358A</num>
            <heading>Associated provisions</heading>
            <content>
              <p>A reference in the <i>Clean Energy Act 2011</i> (other than section 307) to the associated provisions includes a reference to:</p>
            </content>
            <paragraph eId="schedule-1__clause-358A__para-a">
              <num>a</num>
              <content>
                <p>the provisions of this Part; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-358A__para-b">
              <num>b</num>
              <content>
                <p>the provisions of the rules; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-358A__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the provisions of the <i>True</i><i>-</i><i>up Shortfall Levy (General) (Carbon Tax Repeal) </i><i>Act 2014</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-358A__para-d">
              <num>d</num>
              <content>
                <p>	(d)	the provisions of the <i>True</i><i>-</i><i>up Shortfall Levy (Excise) (Carbon Tax Repeal) </i><i>Act 2014</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-359">
            <num>359</num>
            <heading>Rules</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-359__subclause-1">
              <num>1</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> may, by legislative instrument, make rules prescribing matters:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-359__para-a">
              <num>a</num>
              <content>
                <p>required or permitted by this Part to be prescribed by the rules; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-359__para-b">
              <num>b</num>
              <content>
                <p>necessary or convenient to be prescribed for carrying out or giving effect to this Part.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-359__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Conditions specified in rules made for the purposes of paragraph 352(b) or 354(b) may relate to events or things that occurred, or circumstances that existed, before the rules were registered under the <i>Legislation Act 2003</i>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-359__subclause-3">
              <num>3</num>
              <content>
                <p>(3)	Subsection 12(2) (retrospective application of legislative instruments) of the <i>Legislation Act 2003</i> does not apply to the rules.</p>
              </content>
            </hcontainer>
          </hcontainer>
        </hcontainer>
      </attachment>
      <attachment>
        <hcontainer name="schedule" eId="schedule-2">
          <heading>Carbon tax price reduction obligation</heading>
          <content>
            <p>Competition and Consumer Act 2010</p>
          </content>
          <hcontainer name="clause" eId="schedule-2__clause-1">
            <num>1</num>
            <heading>After paragraph 2B(1)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-1__para-aa">
              <num>aa</num>
              <content>
                <p><ref href="#part-V">Part V</ref>;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-2">
            <num>2</num>
            <heading>After subparagraph 6(2)(b)(i)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-2__para-ia">
              <num>ia</num>
              <content>
                <p><ref href="#part-V">Part V</ref> (other than <ref href="#dvs-5">Division 5</ref>);</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-3">
            <num>3</num>
            <heading>After Part IVB</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60">
            <num>60</num>
            <heading>Simplified outline of this Part</heading>
            <content>
              <p>•	An entity must not engage in price exploitation in relation to the carbon tax repeal.</p>
              <p>•	The Commission may monitor prices in relation to the carbon tax repeal and the carbon tax scheme.</p>
              <p>•	An entity must not make false or misleading representations about the effect of the carbon tax repeal, or the carbon tax scheme, on the price for the supply of goods or services.</p>
              <p>•	An entity that sells electricity or natural gas, or an entity that is a bulk SGG importer and sells synthetic greenhouse gas, will be required to explain and substantiate:</p>
              <p>•	An entity that sells electricity or natural gas to customers, or an entity that is a bulk SGG importer and sells synthetic greenhouse gas to customers, must:</p>
              <p>•	Infringement notices may be issued for certain contraventions of this Part.</p>
            </content>
            <paragraph eId="schedule-2__clause-60__para-a">
              <num>a</num>
              <content>
                <p>how the carbon tax repeal has affected, or is affecting, the entity’s regulated supply input costs; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60__para-b">
              <num>b</num>
              <content>
                <p>how reductions in the entity’s regulated supply input costs that are directly or indirectly attributable to the carbon tax repeal are reflected in the prices charged by the entity for regulated supplies of electricity, natural gas or synthetic greenhouse gas.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60__para-a">
              <num>a</num>
              <content>
                <p>	(a)	give a carbon tax removal substantiation statement<b><i> </i></b>to the Commission; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60__para-b">
              <num>b</num>
              <content>
                <p>include in the statement the entity’s estimate, on an average annual percentage price basis, or an average annual dollar price basis, of the entity’s cost savings that have been, are, or will be, attributable to the carbon tax repeal and that have been, are being, or will be, passed on to customers during the financial year that began on <date date="2014-07-01">1 July 2014</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60__para-c">
              <num>c</num>
              <content>
                <p>provide information with the statement that substantiates such an estimate; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60__para-d">
              <num>d</num>
              <content>
                <p>in a case where the entity sells electricity or natural gas to customers—communicate to customers a statement that identifies, on an average annual percentage price basis, or an average annual dollar price basis, the estimated cost savings to customers that are for the financial year that began on <date date="2014-07-01">1 July 2014</date>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60AA">
            <num>60AA</num>
            <heading>Objects etc.</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60AA__subclause-1">
              <num>1</num>
              <content>
                <p>The main objects of this Part are:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60AA__para-a">
              <num>a</num>
              <content>
                <p>to deter price exploitation in relation to the carbon tax repeal at each point in the supply chain for regulated goods; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60AA__para-b">
              <num>b</num>
              <content>
                <p>to ensure that all cost savings attributable to the carbon tax repeal are passed through the supply chain for regulated goods.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60AA__subclause-2">
              <num>2</num>
              <content>
                <p>The intention of the Parliament in enacting this Part is to ensure that all cost savings attributable to the carbon tax repeal are passed on to consumers of regulated goods through lower prices.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60A">
            <num>60A</num>
            <heading>Definitions</heading>
            <content>
              <p>In this Part:</p>
              <p><b><i>applicable compliance period</i></b>, for a carbon tax removal substantiation notice, has the meaning given by subsection 60FC(2).</p>
              <p><b><i>bulk SGG importer</i></b> means an entity that:</p>
              <p><b><i>carbon charge component</i></b> of levy means so much of the amount of the levy as is calculated by multiplying the number of tonnes of carbon dioxide equivalence by a per unit charge applicable under subsection 100(1) of the <i>Clean Energy Act 2011</i> for the issue of a carbon unit.</p>
              <p><b><i>carbon tax removal substantiation notice</i></b> has the meaning given by subsection 60FA(3).</p>
              <p><b><i>carbon tax removal substantiation statement</i></b> has the meaning given by subsection 60FD(3).</p>
              <p><b><i>carbon tax repeal</i></b> means:</p>
              <p><b><i>carbon tax repeal transition period</i></b> means the period:</p>
              <p><b><i>carbon tax scheme</i></b> means the scheme embodied in the following:</p>
              <p><b><i>electricity customer</i></b> means an entity that purchases electricity.</p>
              <p><b><i>electricity retailer</i></b> means:</p>
              <p><b><i>engages in price exploitation in relation to the carbon tax repeal</i></b>: see section 60C.</p>
              <p><b><i>entity </i></b>means any of the following:</p>
              <p><b><i>infringement notice</i></b> means an infringement notice issued under subsection 60L(1).</p>
              <p><b><i>infringement notice compliance period</i></b>: see section 60P.</p>
              <p><b><i>infringement notice provision</i></b> means section 60C or 60K.</p>
              <p><b><i>listed corporation</i></b> has the meaning given by section 9 of the <i>Corporations Act 2001</i>.</p>
              <p><b><i>National Energy Retail Law</i></b> means the National Energy Retail Law set out in the Schedule to the <i>National Energy Retail Law (South Australia) Act</i> <i>2011</i> (SA).</p>
              <p><b><i>natural gas</i></b> has the same meaning as in the National Gas (Commonwealth) Law (as defined by the <i>Australian Energy Market Act 2004</i>).</p>
              <p><b><i>natural gas customer</i></b> means an entity that purchases natural gas.</p>
              <p><b><i>natural gas retailer</i></b> means:</p>
              <p><b><i>price</i></b>, in relation to a supply, includes:</p>
              <p><b><i>regulated goods</i></b>: see section 60B.</p>
              <p><b><i>regulated supply</i></b> means a supply that:</p>
              <p><b><i>regulated supply input costs</i></b> of an entity means the entity’s input costs in relation to the making by the entity of regulated supplies of electricity, natural gas or synthetic greenhouse gas.</p>
              <p><b><i>Royal Assent day</i></b> means the day on which the Act that inserted this Part receives the Royal Assent.</p>
              <p><b><i>SGG customer</i></b> means an entity that purchases synthetic greenhouse gas.</p>
              <p><b><i>SGG equipment</i></b> has the same meaning as in the <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i>.</p>
              <p><b><i>synthetic greenhouse gas</i></b> has the same meaning as in the <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i>.</p>
            </content>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>	(a)	holds a controlled substances licence under the <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 </i>that allows the entity to import synthetic greenhouse gases; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>supplies synthetic greenhouse gas to SGG customers.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the repeal of the following Acts by the <i>Clean Energy Legislation (Carbon Tax Repeal) </i><i>Act 2014</i>:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-i">
              <num>i</num>
              <content>
                <p>	(i)	the <i>Clean Energy Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	the <i>Clean Energy (Charges—Customs) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-iii">
              <num>iii</num>
              <content>
                <p>	(iii)	the <i>Clean Energy (Charges—Excise) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-iv">
              <num>iv</num>
              <content>
                <p>	(iv)	the <i>Clean Energy (Unit Issue Charge—Auctions) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-v">
              <num>v</num>
              <content>
                <p>	(v)	the <i>Clean Energy (Unit Issue Charge—Fixed Charge) Act 2011</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-vi">
              <num>vi</num>
              <content>
                <p>	(vi)	the <i>Clean Energy (Unit Shortfall Charge—General) Act 2011</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the amendments of the following Acts made by the <i>Clean Energy Legislation (Carbon Tax Repeal) </i><i>Act 2014</i>:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-i">
              <num>i</num>
              <content>
                <p>	(i)	the <i>Fuel Tax Act 2006</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	the<i> Fuel Tax (Consequential and Transitional Provisions) Act 2006</i>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-c">
              <num>c</num>
              <content>
                <p>the amendments made by the following Acts:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-i">
              <num>i</num>
              <content>
                <p>	(i)	the <i>Customs Tariff Amendment (Carbon Tax Repeal) </i><i>Act 2014</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	the <i>Excise Tariff Amendment (Carbon Tax Repeal) </i><i>Act 2014</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-iii">
              <num>iii</num>
              <content>
                <p>	(iii)	the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Carbon Tax Repeal) </i><i>Act 2014</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-iv">
              <num>iv</num>
              <content>
                <p>	(iv)	the <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) </i><i>Act 2014</i>.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>beginning at the start of <date date="2014-07-01">1 July 2014</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>ending at the end of <date date="2015-06-30">30 June 2015</date>.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Clean Energy Act 2011</i>, as in force at the start of 1 January 2014;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>the associated provisions (within the meaning of that Act as in force at that time);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the following provisions of the <i>Fuel Tax Act 2006,</i> as in force at the start of 1 January 2014:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-i">
              <num>i</num>
              <content>
                <p><ref href="#dvs-42A">Division 42A</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-ii">
              <num>ii</num>
              <content>
                <p><ref href="#sec-43">section 43</ref>-5, so far as that section relates to a carbon reduction;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-iii">
              <num>iii</num>
              <content>
                <p><ref href="#sec-43">section 43</ref>-8;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-iv">
              <num>iv</num>
              <content>
                <p><ref href="#sec-43">section 43</ref>-11;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-d">
              <num>d</num>
              <content>
                <p>	(d)	<i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>, as in force at the start of 1 January 2014, so far as that section relates to carbon charge component;<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-e">
              <num>e</num>
              <content>
                <p>	(e)	<i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>, as in force at the start of 1 January 2014, so far as that section relates to carbon charge component;<ref href="#sec-4A">section 4A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-f">
              <num>f</num>
              <content>
                <p>	(f)	<i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i>, as in force at the start of 1 January 2014, so far as that section relates to carbon charge component;<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-g">
              <num>g</num>
              <content>
                <p>	(g)	sections 6FA, 6FB and 6FC of the <i>Excise Tariff Act 1921</i>, as in force at the start of 1 January 2014;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-h">
              <num>h</num>
              <content>
                <p>	(h)	<i>Customs Tariff Act 1995</i>, as in force at the start of 1 January 2014.<ref href="#sec-19A">section 19A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>an entity who:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-i">
              <num>i</num>
              <content>
                <p>	(i)	is a retailer within the meaning of the <i>National Energy Retail Law</i> as it applies in a State or a Territory; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	sells electricity to electricity<b><i> </i></b>customers; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>	(b)	an entity who is a retailer within the meaning of the <i>Electricity Industry Act 2000</i> (Vic.); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-c">
              <num>c</num>
              <content>
                <p>	(c)	an entity who is a retail entity within the meaning of the <i>Electricity Act 1994</i> (Qld); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-d">
              <num>d</num>
              <content>
                <p>an entity who:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-i">
              <num>i</num>
              <content>
                <p>	(i)	holds a retail licence within the meaning of the <i>Electricity Industry Act 2004</i> (WA); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	holds an integrated regional licence within the meaning of the <i>Electricity Industry Act 2004</i> (WA) that authorises the entity to sell electricity; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-e">
              <num>e</num>
              <content>
                <p>	(e)	an entity who is an electricity entity within the meaning of the <i>Electricity Reform Act </i>(NT) and whose licence under that Act authorises the entity to sell electricity; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-f">
              <num>f</num>
              <content>
                <p>any other entity who produces electricity in Australia.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>a corporation (as defined by <ref href="#sec-4">section 4</ref>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>an individual;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-c">
              <num>c</num>
              <content>
                <p>a body corporate;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-d">
              <num>d</num>
              <content>
                <p>a corporation sole;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-e">
              <num>e</num>
              <content>
                <p>a body politic;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-f">
              <num>f</num>
              <content>
                <p>a partnership;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-g">
              <num>g</num>
              <content>
                <p>any other unincorporated association or body of entities;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-h">
              <num>h</num>
              <content>
                <p>a trust;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-i">
              <num>i</num>
              <content>
                <p>any party or entity which can or does buy or sell electricity, natural gas or synthetic greenhouse gas.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>an entity who:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-i">
              <num>i</num>
              <content>
                <p>	(i)	is a retailer within the meaning of the <i>National Energy Retail Law</i> as it applies in a State or a Territory; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	sells natural gas<b><i> </i></b>to natural gas customers; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>	(b)	an entity who is a gas retailer within the meaning of the <i>Gas Industry Act 2001</i> (Vic.); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-c">
              <num>c</num>
              <content>
                <p>	(c)	an entity who is a retailer within the meaning of the <i>Gas Supply Act 2003</i> (Qld); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-d">
              <num>d</num>
              <content>
                <p>	(d)	an entity who holds a trading licence under the <i>Energy Coordination Act 1994</i> (WA); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-e">
              <num>e</num>
              <content>
                <p>	(e)	an entity who holds a licence under the <i>Gas Act 2000 </i>(Tas.) to sell gas by retail.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>a charge of any description for the supply; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>	(b)	any pecuniary or other<i> </i>benefit, whether direct or indirect, received or to be received by a person for or in connection with the supply.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-a">
              <num>a</num>
              <content>
                <p>occurs during the carbon tax repeal transition period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60A__para-b">
              <num>b</num>
              <content>
                <p>is of regulated goods.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60B">
            <num>60B</num>
            <heading>Regulated goods</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60B__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	For the purposes of this Part, <b><i>regulated goods</i></b> means:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60B__para-a">
              <num>a</num>
              <content>
                <p>natural gas; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60B__para-b">
              <num>b</num>
              <content>
                <p>electricity; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60B__para-c">
              <num>c</num>
              <content>
                <p>synthetic greenhouse gas; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60B__para-d">
              <num>d</num>
              <content>
                <p>SGG equipment; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60B__para-e">
              <num>e</num>
              <content>
                <p>other goods of a kind specified in a legislative instrument under subsection (2).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60B__subclause-2">
              <num>2</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> may, by legislative instrument, specify one or more kinds of goods for the purposes of paragraph (1)(e).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60C">
            <num>60C</num>
            <heading>Price exploitation in relation to the carbon tax repeal</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60C__subclause-1">
              <num>1</num>
              <content>
                <p>An entity must not engage in price exploitation in relation to the carbon tax repeal.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60C__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	For the purposes of this Part, an entity <b><i>engages in price exploitation in relation to the carbon tax repeal</i></b> if, and only if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60C__para-a">
              <num>a</num>
              <content>
                <p>it makes a regulated supply; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60C__para-b">
              <num>b</num>
              <content>
                <p>the price for the supply does not pass through all of the entity’s cost savings relating to the supply that are directly or indirectly attributable to the carbon tax repeal.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60C__subclause-3">
              <num>3</num>
              <content>
                <p>For the purposes of this Part, in determining whether the price for a supply made by an entity does not pass through all of the entity’s cost savings relating to the supply that are directly or indirectly attributable to the carbon tax repeal, have regard to the following matters:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60C__para-a">
              <num>a</num>
              <content>
                <p>the entity’s cost savings that are directly or indirectly attributable to the carbon tax repeal;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60C__para-b">
              <num>b</num>
              <content>
                <p>how the cost savings mentioned in paragraph (a) can reasonably be attributed to the different supplies that the entity makes;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60C__para-c">
              <num>c</num>
              <content>
                <p>the entity’s costs;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60C__para-d">
              <num>d</num>
              <content>
                <p>any other relevant matter that may reasonably influence the price.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60CA">
            <num>60CA</num>
            <heading>Failure to pass on cost savings—250% penalty</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60CA__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60CA__para-a">
              <num>a</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60CA__para-i">
              <num>i</num>
              <content>
                <p>an entity contravenes subsection 60C(1) in relation to a particular supply of electricity or natural gas; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60CA__para-ii">
              <num>ii</num>
              <content>
                <p>an entity that is a bulk SGG importer contravenes subsection 60C(1) in relation to a particular supply of synthetic greenhouse gas; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60CA__para-b">
              <num>b</num>
              <content>
                <p>the contravention involved a failure to pass through all of the entity’s cost savings relating to the supply that are directly or indirectly attributable to the carbon tax repeal;</p>
              </content>
            </paragraph>
            <content>
              <p>there is payable by the entity to the Commonwealth, and the entity shall pay to the Commonwealth, by way of penalty, an amount equal to 250% of those cost savings that were not passed through.</p>
              <p>When penalty becomes due and payable</p>
              <p>Late payment penalty</p>
              <p>Recovery of penalties</p>
              <p>Report to Parliament</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60CA__subclause-2">
              <num>2</num>
              <content>
                <p>An amount payable by an entity under subsection (1) is due and payable on <date date="2015-07-01">1 July 2015</date>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60CA__subclause-3">
              <num>3</num>
              <content>
                <p>If an amount payable by an entity under subsection (1) remains unpaid after the time when it became due for payment, there is payable by the entity to the Commonwealth, and the entity shall pay to the Commonwealth, by way of penalty, an amount calculated at the rate of 6% per annum on the amount unpaid, computed from that time.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60CA__subclause-4">
              <num>4</num>
              <content>
                <p>An amount payable by an entity under subsection (1) or (3):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60CA__para-a">
              <num>a</num>
              <content>
                <p>is a debt due to the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60CA__para-b">
              <num>b</num>
              <content>
                <p>shall be recovered by the Commission, on behalf of the Commonwealth, by action in a court of competent jurisdiction, unless the cost of doing so exceeds the amount.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60CA__subclause-5">
              <num>5</num>
              <content>
                <p><quantity refersTo="#deadline">Within 13 months</quantity> after the Royal Assent day, the Commission must report to Parliament in respect of penalties payable by entities.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60D">
            <num>60D</num>
            <heading>Notice to entity that is considered to have engaged in price exploitation in relation to the carbon tax repeal</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60D__subclause-1">
              <num>1</num>
              <content>
                <p>The Commission may give an entity a written notice under this section if the Commission considers that the entity has engaged in price exploitation in relation to the carbon tax repeal.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60D__subclause-2">
              <num>2</num>
              <content>
                <p>The notice must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60D__para-a">
              <num>a</num>
              <content>
                <p>be expressed to be given under this section; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60D__para-b">
              <num>b</num>
              <content>
                <p>identify:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60D__para-i">
              <num>i</num>
              <content>
                <p>the entity that made the supply; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60D__para-ii">
              <num>ii</num>
              <content>
                <p>the kind of supply made; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60D__para-iii">
              <num>iii</num>
              <content>
                <p>the circumstances in which the supply was made; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60D__para-c">
              <num>c</num>
              <content>
                <p>state that, in the Commission’s opinion, the price for the supply did not pass through all of the entity’s cost savings relating to the supply that were directly or indirectly attributable to the carbon tax repeal.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60D__subclause-3">
              <num>3</num>
              <content>
                <p>In any proceedings:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60D__para-aa">
              <num>aa</num>
              <content>
                <p>under <ref href="#sec-60C">section 60C</ref>A; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60D__para-a">
              <num>a</num>
              <content>
                <p>under <ref href="#sec-76">section 76</ref> for a pecuniary penalty order relating to <ref href="#sec-60C">section 60C</ref>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60D__para-b">
              <num>b</num>
              <content>
                <p>under <ref href="#sec-80">section 80</ref> for an injunction relating to <ref href="#sec-60C">section 60C</ref>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60D__para-c">
              <num>c</num>
              <content>
                <p>under <ref href="#sec-80A">section 80A</ref>, 82, 86C, 86D or 87 for an order relating to <ref href="#sec-60C">section 60C</ref>;</p>
              </content>
            </paragraph>
            <content>
              <p>the notice is prima facie evidence that the price for the supply did not pass through all of the entity’s cost savings relating to the supply that were directly or indirectly attributable to the carbon tax repeal.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60D__subclause-4">
              <num>4</num>
              <content>
                <p>The Commission may vary or revoke the notice on its own initiative or on application made by the entity. The Commission must give the entity written notice of the variation or revocation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60D__subclause-5">
              <num>5</num>
              <content>
                <p>A notice under this section is not a legislative instrument.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60E">
            <num>60E</num>
            <heading>Commission may issue notice to aid prevention of price exploitation in relation to the carbon tax repeal</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60E__subclause-1">
              <num>1</num>
              <content>
                <p>The Commission may give an entity a written notice under this section if the Commission considers that doing so will aid the prevention of the entity engaging in price exploitation in relation to the carbon tax repeal.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60E__subclause-2">
              <num>2</num>
              <content>
                <p>The notice must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60E__para-a">
              <num>a</num>
              <content>
                <p>be expressed to be given under this section; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60E__para-b">
              <num>b</num>
              <content>
                <p>be expressed to relate to any supply that the entity makes that is:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60E__para-i">
              <num>i</num>
              <content>
                <p>of a kind specified in the notice; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60E__para-ii">
              <num>ii</num>
              <content>
                <p>made in circumstances specified in the notice; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60E__para-iii">
              <num>iii</num>
              <content>
                <p>made during the period specified in the notice (which must not be a period ending after the end of the carbon tax repeal transition period); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60E__para-c">
              <num>c</num>
              <content>
                <p>specify the maximum price that, in the Commission’s opinion, may be charged for a supply to which the notice is expressed to relate.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60E__subclause-3">
              <num>3</num>
              <content>
                <p>The Commission may, on its own initiative or on application made by the entity:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60E__para-a">
              <num>a</num>
              <content>
                <p>vary the notice to:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60E__para-i">
              <num>i</num>
              <content>
                <p>change the period specified as required by subparagraph (2)(b)(iii); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60E__para-ii">
              <num>ii</num>
              <content>
                <p>change the price specified in the notice as required by paragraph (2)(c); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60E__para-b">
              <num>b</num>
              <content>
                <p>revoke the notice.</p>
              </content>
            </paragraph>
            <content>
              <p>The Commission must give the entity written notice of the variation or revocation.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60E__subclause-4">
              <num>4</num>
              <content>
                <p>The Commission may publish the notice, or particulars of any variation or revocation of the notice, in such manner as the Commission considers appropriate.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60E__subclause-5">
              <num>5</num>
              <content>
                <p>A notice under this section is not a legislative instrument.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60F">
            <num>60F</num>
            <heading>Acquisition of property</heading>
            <content>
              <p>Scope</p>
              <p>Effect of provision</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60F__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to the following provisions of this Act:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60F__para-a">
              <num>a</num>
              <content>
                <p><ref href="#sec-60C">section 60C</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60F__para-b">
              <num>b</num>
              <content>
                <p>any other provision to the extent to which it relates to <ref href="#sec-60C">section 60C</ref>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60F__subclause-2">
              <num>2</num>
              <content>
                <p>The provision has no effect to the extent (if any) to which its operation would result in the acquisition of property (within the meaning of paragraph 51(xxxi) of the Constitution) otherwise than on just terms (within the meaning of that paragraph).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60FA">
            <num>60FA</num>
            <heading>Carbon tax removal substantiation notices</heading>
            <content>
              <p>Scope</p>
              <p>Carbon tax removal substantiation notice</p>
              <p>Section does not limit <ref href="#sec-60H">section 60H</ref></p>
              <p>Section does not limit <ref href="#sec-155">section 155</ref></p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60FA__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to an entity if the entity:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FA__para-a">
              <num>a</num>
              <content>
                <p>is an electricity retailer that sells electricity to electricity customers; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-b">
              <num>b</num>
              <content>
                <p>is a natural gas retailer that sells natural gas to natural gas customers; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-c">
              <num>c</num>
              <content>
                <p>is a bulk SGG importer that sells synthetic greenhouse gas to SGG customers.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FA__subclause-2">
              <num>2</num>
              <content>
                <p>The Commission must, <quantity refersTo="#deadline">within 30 days</quantity> after the Royal Assent day, by written notice given to the entity, require the entity:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FA__para-a">
              <num>a</num>
              <content>
                <p>to give to the Commission, within the period specified in the notice, a written statement that explains:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-i">
              <num>i</num>
              <content>
                <p>how the carbon tax repeal has affected, or is affecting, the entity’s regulated supply input costs; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-ii">
              <num>ii</num>
              <content>
                <p>how reductions in the entity’s regulated supply input costs that are directly or indirectly attributable to the carbon tax repeal are reflected in the prices charged by the entity for regulated supplies of electricity, natural gas or synthetic greenhouse gas; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-b">
              <num>b</num>
              <content>
                <p>to do either or both of the following:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-i">
              <num>i</num>
              <content>
                <p>give to the Commission, within the period and in the manner and form specified in the notice, information that substantiates the explanation set out in the statement;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-ii">
              <num>ii</num>
              <content>
                <p>produce to the Commission, within the period and in the manner specified in the notice, documents that substantiate the explanation set out in the statement.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FA__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	A notice under subsection (2) is to be known as a <b><i>carbon tax removal substantiation notice</i></b>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FA__subclause-4">
              <num>4</num>
              <content>
                <p>A period specified in a carbon tax removal substantiation notice must be 21 days after the notice is given.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FA__subclause-5">
              <num>5</num>
              <content>
                <p>A carbon tax removal substantiation notice must explain the effect of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FA__para-a">
              <num>a</num>
              <content>
                <p><ref href="#sec-60F">section 60F</ref>B; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-b">
              <num>b</num>
              <content>
                <p><ref href="#sec-60F">section 60F</ref>C; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FA__para-c">
              <num>c</num>
              <content>
                <p>	(c)	sections 137.1 and 137.2 of the <i>Criminal Code</i>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FA__subclause-6">
              <num>6</num>
              <content>
                <p>This section does not limit <ref href="#sec-60H">section 60H</ref> (which is about the price-related information-gathering powers of the Commission).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FA__subclause-7">
              <num>7</num>
              <content>
                <p>This section does not limit <ref href="#sec-155">section 155</ref> (which is about the general information-gathering powers of the Commission).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60FB">
            <num>60FB</num>
            <heading>Extending periods for complying with carbon tax removal substantiation notices</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60FB__subclause-1">
              <num>1</num>
              <content>
                <p>An entity that has been given a carbon tax removal substantiation notice may, at any time <quantity refersTo="#deadline">within 14 days</quantity> after the notice was given to the entity by the Commission, apply in writing to the Commission for an extension of the period for complying with the notice.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FB__subclause-2">
              <num>2</num>
              <content>
                <p>The Commission may, by written notice given to the entity, extend the period within which the entity must comply with the notice, so long as the extension is for a period of not more than 28 days.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60FC">
            <num>60FC</num>
            <heading>Compliance with carbon tax removal substantiation notices</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60FC__subclause-1">
              <num>1</num>
              <content>
                <p>An entity that is given a carbon tax removal substantiation notice must comply with it within the applicable compliance period for the notice.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FC__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	The <b><i>applicable</i></b> <b><i>compliance period</i></b> for a carbon tax removal substantiation notice is:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FC__para-a">
              <num>a</num>
              <content>
                <p>the period of 21 days specified in the notice; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FC__para-b">
              <num>b</num>
              <content>
                <p>if the period for complying with the notice has been extended under <ref href="#sec-60F">section 60F</ref>B—the period as so extended;</p>
              </content>
            </paragraph>
            <content>
              <p>and includes (if an application has been made under <ref href="#sec-60F">section 60F</ref>B for an extension of the period for complying with the notice) the period up until the time when the applicant is given notice of the Commission’s decision on the application.</p>
              <p>Penalty:	<quantity refersTo="#penaltyUnit">200 penalty units</quantity>.</p>
              <p>Note:	For strict liability, see <i>Criminal Code</i>.<ref href="#sec-6">section 6</ref>.1 of the </p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60FC__subclause-3">
              <num>3</num>
              <content>
                <p>An entity commits an offence if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FC__para-a">
              <num>a</num>
              <content>
                <p>the entity is subject to a requirement under subsection (1); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FC__para-b">
              <num>b</num>
              <content>
                <p>the entity is capable of complying with the requirement; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FC__para-c">
              <num>c</num>
              <content>
                <p>the entity omits to do an act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FC__para-d">
              <num>d</num>
              <content>
                <p>the omission breaches the requirement.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FC__subclause-4">
              <num>4</num>
              <content>
                <p>Subsection (3) is an offence of strict liability.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FC__subclause-5">
              <num>5</num>
              <content>
                <p>If subsection (3) of this section applies to an individual (whether or not because of subsection 6(2)), subsection (3) of this section has effect, in relation to the individual, as if the reference to <quantity refersTo="#penaltyUnit">200 penalty units</quantity> were a reference to <quantity refersTo="#penaltyUnit">40 penalty units</quantity>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FC__subclause-6">
              <num>6</num>
              <content>
                <p>If subsection (1) of this section applies to an individual (whether or not because of subsection 6(2)), the individual is excused from giving information or producing a document in accordance with a carbon tax removal substantiation notice on the ground that the information or the production of the document might tend to incriminate the individual or expose the individual to a penalty.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60FD">
            <num>60FD</num>
            <heading>Carbon tax removal substantiation statements</heading>
            <content>
              <p>Scope</p>
              <p>Carbon tax removal substantiation statement</p>
              <p>Note:	Section 137.1 of the <i>Criminal Code</i> creates an offence of providing false or misleading information.</p>
              <p>Compliance</p>
              <p>Penalty:	<quantity refersTo="#penaltyUnit">500 penalty units</quantity>.</p>
              <p>Note:	For strict liability, see <i>Criminal Code</i>.<ref href="#sec-6">section 6</ref>.1 of the </p>
              <p>Section does not limit <ref href="#sec-60H">section 60H</ref></p>
              <p>Section does not limit <ref href="#sec-155">section 155</ref></p>
              <p>Report to Parliament</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to an entity if the entity:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FD__para-a">
              <num>a</num>
              <content>
                <p>is an electricity retailer that sells electricity to electricity customers; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-b">
              <num>b</num>
              <content>
                <p>is a natural gas retailer that sells natural gas to natural gas customers; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-c">
              <num>c</num>
              <content>
                <p>is a bulk SGG importer that sells synthetic greenhouse gas to SGG customers.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-2">
              <num>2</num>
              <content>
                <p><quantity refersTo="#deadline">Within 30 days</quantity> after the Royal Assent day, the entity must give to the Commission:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FD__para-a">
              <num>a</num>
              <content>
                <p>a written statement that sets out:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-i">
              <num>i</num>
              <content>
                <p>if the entity has electricity customers—the entity’s estimate, on an average annual percentage price basis, or an average annual dollar price basis, of the entity’s cost savings that have been, are, or will be, directly or indirectly attributable to the carbon tax repeal and that have been, are being, or will be, passed on to each class of electricity customers during the financial year that began on <date date="2014-07-01">1 July 2014</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-ii">
              <num>ii</num>
              <content>
                <p>if the entity has natural gas customers—the entity’s estimate, on an average annual percentage price basis, or an average annual dollar price basis, of the entity’s cost savings that have been, are, or will be, directly or indirectly attributable to the carbon tax repeal and that have been, are being, or will be, passed on to each class of natural gas customers during the financial year that began on <date date="2014-07-01">1 July 2014</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-iii">
              <num>iii</num>
              <content>
                <p>if the entity has SGG customers—the entity’s estimate, on an average annual percentage price basis, or an average annual dollar price basis, of the entity’s cost savings that have been, are, or will be, directly or indirectly attributable to the carbon tax repeal and that have been, are being, or will be, passed on to each class of SGG customers during the financial year that began on <date date="2014-07-01">1 July 2014</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-b">
              <num>b</num>
              <content>
                <p>information that substantiates the estimate or estimates set out in the statement.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	A statement under paragraph (2)(a) is to be known as a <b><i>carbon tax removal substantiation statement</i></b>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	If the entity has given a carbon tax removal substantiation statement<b><i> </i></b>to the Commission, the entity must ensure that a copy of the statement is available on the entity’s website, in a way that is readily accessible by the public, until the end of 30 June 2015.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-5">
              <num>5</num>
              <content>
                <p>An entity commits an offence if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FD__para-a">
              <num>a</num>
              <content>
                <p>the entity is subject to a requirement under subsection (2) or (4); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-b">
              <num>b</num>
              <content>
                <p>the entity is capable of complying with the requirement; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-c">
              <num>c</num>
              <content>
                <p>the entity omits to do an act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FD__para-d">
              <num>d</num>
              <content>
                <p>the omission breaches the requirement.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-6">
              <num>6</num>
              <content>
                <p>Subsection (5) is an offence of strict liability.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-7">
              <num>7</num>
              <content>
                <p>If subsection (5) of this section applies to an individual (whether or not because of subsection 6(2)), subsection (5) of this section has effect, in relation to the individual, as if the reference to <quantity refersTo="#penaltyUnit">500 penalty units</quantity> were a reference to <quantity refersTo="#penaltyUnit">40 penalty units</quantity>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-8">
              <num>8</num>
              <content>
                <p>If subsection (2) of this section applies to an individual (whether or not because of subsection 6(2)), the individual is excused from giving an estimate or information under subsection (2) of this section on the ground that the estimate or information might tend to incriminate the individual or expose the individual to a penalty.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-9">
              <num>9</num>
              <content>
                <p>This section does not limit <ref href="#sec-60H">section 60H</ref> (which is about the price-related information-gathering powers of the Commission).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-10">
              <num>10</num>
              <content>
                <p>This section does not limit <ref href="#sec-155">section 155</ref> (which is about the general information-gathering powers of the Commission).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FD__subclause-11">
              <num>11</num>
              <content>
                <p><quantity refersTo="#deadline">Within 13 months</quantity> after the Royal Assent day, the Commission must report to Parliament in respect of compliance by all entities.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60FE">
            <num>60FE</num>
            <heading>Statements for customers</heading>
            <content>
              <p>Scope</p>
              <p>Preparation of statement</p>
              <p>Communication of contents of statement to customers</p>
              <p>the entity must ensure that the contents of the statement prepared by it under subsection (2) that relates to a class of electricity customers or natural gas customers is communicated to each customer of that class.</p>
              <p>Note:	Section 137.1 of the <i>Criminal Code</i> creates an offence of providing false or misleading information.</p>
              <p>Compliance</p>
              <p>Penalty:	<quantity refersTo="#penaltyUnit">400 penalty units</quantity>.</p>
              <p>Note:	For strict liability, see <i>Criminal Code</i>.<ref href="#sec-6">section 6</ref>.1 of the </p>
              <p>on the ground that the information in the statement might tend to incriminate the individual or expose the individual to a penalty.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60FE__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to an entity if the entity:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FE__para-a">
              <num>a</num>
              <content>
                <p>is an electricity retailer that sells electricity to electricity customers; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-b">
              <num>b</num>
              <content>
                <p>is a natural gas retailer that sells natural gas to natural gas customers.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FE__subclause-2">
              <num>2</num>
              <content>
                <p><quantity refersTo="#deadline">Within 30 days</quantity> after the Royal Assent day, the entity must prepare a statement that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FE__para-a">
              <num>a</num>
              <content>
                <p>if the entity has electricity customers—identifies, on an average annual percentage price basis, or an average annual dollar price basis, the estimated cost savings, to each class of electricity customers, that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-i">
              <num>i</num>
              <content>
                <p>have been, are, or will be, directly or indirectly attributable to the carbon tax repeal; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-ii">
              <num>ii</num>
              <content>
                <p>are for the financial year that began on <date date="2014-07-01">1 July 2014</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-b">
              <num>b</num>
              <content>
                <p>if the entity has natural gas customers—identifies, on an average annual percentage price basis, or an average annual dollar price basis, the estimated cost savings, to each class of natural gas customers, that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-i">
              <num>i</num>
              <content>
                <p>have been, are, or will be, directly or indirectly attributable to the carbon tax repeal; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-ii">
              <num>ii</num>
              <content>
                <p>are for the financial year that began on <date date="2014-07-01">1 July 2014</date>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FE__subclause-3">
              <num>3</num>
              <content>
                <p>During the period:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FE__para-a">
              <num>a</num>
              <content>
                <p>beginning 30 days after the Royal Assent day; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-b">
              <num>b</num>
              <content>
                <p>ending 60 days after the Royal Assent day;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FE__subclause-4">
              <num>4</num>
              <content>
                <p>An entity commits an offence if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FE__para-a">
              <num>a</num>
              <content>
                <p>the entity is subject to a requirement under subsection (2) or (3); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-b">
              <num>b</num>
              <content>
                <p>the entity is capable of complying with the requirement; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-c">
              <num>c</num>
              <content>
                <p>the entity omits to do an act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-d">
              <num>d</num>
              <content>
                <p>the omission breaches the requirement.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60FE__subclause-5">
              <num>5</num>
              <content>
                <p>Subsection (4) is an offence of strict liability.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FE__subclause-6">
              <num>6</num>
              <content>
                <p>If subsection (4) of this section applies to an individual (whether or not because of subsection 6(2)), subsection (4) of this section has effect, in relation to the individual, as if the reference to <quantity refersTo="#penaltyUnit">400 penalty units</quantity> were a reference to <quantity refersTo="#penaltyUnit">40 penalty units</quantity>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60FE__subclause-7">
              <num>7</num>
              <content>
                <p>If subsection (2) or (3) of this section applies to an individual (whether or not because of subsection 6(2)), the individual is excused from:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60FE__para-a">
              <num>a</num>
              <content>
                <p>preparing a statement under subsection (2) of this section; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60FE__para-b">
              <num>b</num>
              <content>
                <p>communicating the contents of a statement under subsection (3) of this section;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60G">
            <num>60G</num>
            <heading>Commission may monitor prices in relation to the carbon tax repeal etc.</heading>
            <content>
              <p>Price monitoring—carbon tax repeal transition period</p>
              <p>Note:	For <b><i>relevant goods</i></b>, see subsection (11).</p>
              <p>for supplies, in the carbon tax repeal transition period, of relevant goods by entities.</p>
              <p>Note:	For <b><i>relevant goods</i></b>, see subsection (11).</p>
              <p>for supplies, in the carbon tax repeal transition period, of goods by an entity for which there is an entry in the Information Database (within the meaning of the <i>Clean Energy Act 2011</i>).</p>
              <p>Price monitoring—price exploitation</p>
              <p>Price monitoring—pre-repeal transition period</p>
              <p>Note 1:	For <b><i>pre</i></b><b><i>-</i></b><b><i>repeal transition period</i></b>, see subsection (13).</p>
              <p>Note 2:	For <b><i>relevant goods</i></b>, see subsection (11).</p>
              <p>for supplies, in the pre-repeal transition period, of relevant goods by entities.</p>
              <p>Note 1:	For <b><i>pre</i></b><b><i>-</i></b><b><i>repeal transition period</i></b>, see subsection (13).</p>
              <p>Note 2:	For <b><i>relevant goods</i></b>, see subsection (11).</p>
              <p>Note:	For <b><i>pre</i></b><b><i>-</i></b><b><i>repeal transition period</i></b>, see subsection (13).</p>
              <p>for supplies, in the pre-repeal transition period, of goods by an entity for which there is an entry in the Information Database (within the meaning of the <i>Clean Energy Act 2011</i>).</p>
              <p>Note:	For <b><i>pre</i></b><b><i>-</i></b><b><i>repeal transition period</i></b>, see subsection (13).</p>
              <p>Section does not limit <ref href="#part-VIIA">Part VIIA</ref></p>
              <p>Relevant goods</p>
              <p>Pre-repeal transition period</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-1">
              <num>1</num>
              <content>
                <p>The Commission may monitor prices to assess the general effect of the carbon tax repeal on prices charged by entities for supplies, in the carbon tax repeal transition period, of relevant goods.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-2">
              <num>2</num>
              <content>
                <p>The Commission may monitor prices to assess the general effect of the carbon tax repeal on prices:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60G__para-a">
              <num>a</num>
              <content>
                <p>advertised; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-b">
              <num>b</num>
              <content>
                <p>displayed; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-c">
              <num>c</num>
              <content>
                <p>offered;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	The Commission may monitor prices to assess the general effect of the carbon tax repeal on prices charged for supplies, in the carbon tax repeal transition period, of goods by an entity for which there is an entry in the Information Database (within the meaning of the <i>Clean Energy Act 2011</i>).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-4">
              <num>4</num>
              <content>
                <p>The Commission may monitor prices to assess the general effect of the carbon tax repeal on prices:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60G__para-a">
              <num>a</num>
              <content>
                <p>advertised; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-b">
              <num>b</num>
              <content>
                <p>displayed; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-c">
              <num>c</num>
              <content>
                <p>offered;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-5">
              <num>5</num>
              <content>
                <p>The Commission may monitor prices to assist the Commission’s consideration of whether an entity has engaged, is engaging, or may in the future engage, in price exploitation in relation to the carbon tax repeal.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-6">
              <num>6</num>
              <content>
                <p>The Commission may monitor prices to assess the general effect of the carbon tax scheme on prices charged by entities for supplies, in the pre-repeal transition period, of relevant goods.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-7">
              <num>7</num>
              <content>
                <p>The Commission may monitor prices to assess the general effect of the carbon tax scheme on prices:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60G__para-a">
              <num>a</num>
              <content>
                <p>advertised; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-b">
              <num>b</num>
              <content>
                <p>displayed; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-c">
              <num>c</num>
              <content>
                <p>offered;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-8">
              <num>8</num>
              <content>
                <p>	(8)	The Commission may monitor prices to assess the general effect of the carbon tax scheme on prices charged for supplies, in the pre-repeal transition period, of goods by an entity for which there is an entry in the Information Database (within the meaning of the <i>Clean Energy Act 2011</i>).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-9">
              <num>9</num>
              <content>
                <p>The Commission may monitor prices to assess the general effect of the carbon tax scheme on prices:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60G__para-a">
              <num>a</num>
              <content>
                <p>advertised; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-b">
              <num>b</num>
              <content>
                <p>displayed; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-c">
              <num>c</num>
              <content>
                <p>offered;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-10">
              <num>10</num>
              <content>
                <p>This section does not limit <ref href="#part-VIIA">Part VIIA</ref> (which is about prices surveillance).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-11">
              <num>11</num>
              <content>
                <p>	(11)	For the purposes of this section, the following are <b><i>relevant goods</i></b>:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60G__para-a">
              <num>a</num>
              <content>
                <p>regulated goods;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-b">
              <num>b</num>
              <content>
                <p>other goods of a kind specified in a legislative instrument under subsection (12).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-12">
              <num>12</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> may, by legislative instrument, specify one or more kinds of goods for the purposes of paragraph (11)(b).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60G__subclause-13">
              <num>13</num>
              <content>
                <p>	(13)	For the purposes of this section, <b><i>pre</i></b><b><i>-</i></b><b><i>repeal transition period</i></b> means the period:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60G__para-a">
              <num>a</num>
              <content>
                <p>beginning at the commencement of this section; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60G__para-b">
              <num>b</num>
              <content>
                <p>ending at the end of <date date="2014-06-30">30 June 2014</date>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60H">
            <num>60H</num>
            <heading>Information-gathering powers</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60H__subclause-1">
              <num>1</num>
              <content>
                <p>A member of the Commission may, by written notice given to a person, require the person:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60H__para-a">
              <num>a</num>
              <content>
                <p>to give the Commission specified information in writing signed by:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-i">
              <num>i</num>
              <content>
                <p>the person; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-ii">
              <num>ii</num>
              <content>
                <p>if the person is a body corporate—a competent officer of the body corporate; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-b">
              <num>b</num>
              <content>
                <p>to produce to the Commission specified documents;</p>
              </content>
            </paragraph>
            <content>
              <p>if:</p>
              <p>Note:	Sections 137.1 and 137.2 of the <i>Criminal Code</i> create offences for providing false or misleading information or documents.</p>
              <p>Penalty:	<quantity refersTo="#penaltyUnit">20 penalty units</quantity>.</p>
              <p>Section does not limit <ref href="#sec-60F">section 60F</ref>A</p>
              <p>Section does not limit <ref href="#sec-155">section 155</ref></p>
            </content>
            <paragraph eId="schedule-2__clause-60H__para-c">
              <num>c</num>
              <content>
                <p>the information, or information contained in the documents, relates to prices or the setting of prices; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-d">
              <num>d</num>
              <content>
                <p>the member reasonably believes that the information, or information contained in the documents, will or may be useful to the Commission in monitoring prices as mentioned in any of subsections 60G(1) to (9).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60H__subclause-2">
              <num>2</num>
              <content>
                <p>Information or documents that may be required under subsection (1) may relate to prices, or the setting of prices:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60H__para-a">
              <num>a</num>
              <content>
                <p>before or after the carbon tax repeal; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-b">
              <num>b</num>
              <content>
                <p>before or after the start of the carbon tax repeal transition period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-c">
              <num>c</num>
              <content>
                <p>in a situation, or during a period, specified in the notice.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60H__subclause-3">
              <num>3</num>
              <content>
                <p>Subsection (2) does not limit subsection (1).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60H__subclause-4">
              <num>4</num>
              <content>
                <p>A person commits an offence if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60H__para-a">
              <num>a</num>
              <content>
                <p>the person is subject to a requirement under subsection (1); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-b">
              <num>b</num>
              <content>
                <p>the person is capable of complying with the requirement; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-c">
              <num>c</num>
              <content>
                <p>the person omits to do an act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60H__para-d">
              <num>d</num>
              <content>
                <p>the omission breaches the requirement.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60H__subclause-5">
              <num>5</num>
              <content>
                <p>An individual is excused from giving information or producing a document in accordance with a requirement under subsection (1) on the ground that the information or the production of the document might tend to incriminate the individual or expose the individual to a penalty.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60H__subclause-5A">
              <num>5A</num>
              <content>
                <p>This section does not limit <ref href="#sec-60F">section 60F</ref>A (which is about carbon tax removal substantiation notices).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60H__subclause-6">
              <num>6</num>
              <content>
                <p>This section does not limit <ref href="#sec-155">section 155</ref> (which is about the general information-gathering powers of the Commission).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60J">
            <num>60J</num>
            <heading>Reporting</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60J__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	The Commission must, within 28 days<i> </i>after the end of each quarter, give the Minister a written report about the operations of the Commission under this Part during the quarter.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60J__subclause-2">
              <num>2</num>
              <content>
                <p>A report under subsection (1) must include particulars of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60J__para-a">
              <num>a</num>
              <content>
                <p>all notices given under <ref href="#sec-60E">section 60E</ref> during the quarter; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60J__para-b">
              <num>b</num>
              <content>
                <p>all variations or revocations during the quarter of notices given under <ref href="#sec-60E">section 60E</ref>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60J__subclause-3">
              <num>3</num>
              <content>
                <p>Subsection (2) does not limit subsection (1).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60J__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	For the purposes of this section, a <b><i>quarter </i></b>is a period of 3 months:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60J__para-a">
              <num>a</num>
              <content>
                <p>that occurs wholly or partly during the carbon tax repeal transition period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60J__para-b">
              <num>b</num>
              <content>
                <p>that starts on any of the following days in a year:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60J__para-i">
              <num>i</num>
              <content>
                <p>1 January;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60J__para-ii">
              <num>ii</num>
              <content>
                <p>1 April;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60J__para-iii">
              <num>iii</num>
              <content>
                <p>1 July;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60J__para-iv">
              <num>iv</num>
              <content>
                <p>1 October.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60J__subclause-5">
              <num>5</num>
              <content>
                <p>As soon as practicable after <role refersTo="#minister">the Minister</role> receives a report under subsection (1), <role refersTo="#minister">the Minister</role> must make the report public by such means as <role refersTo="#minister">the Minister</role> considers appropriate.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60J__subclause-6">
              <num>6</num>
              <content>
                <p>If this section commences during a quarter (but not on the first day of a quarter):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60J__para-a">
              <num>a</num>
              <content>
                <p>no report is to be made at the end of the quarter; but</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60J__para-b">
              <num>b</num>
              <content>
                <p>the report made at the end of the next quarter is also to include the information required by subsections (1) and (2) in relation to the previous quarter.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60K">
            <num>60K</num>
            <heading>False or misleading representations about the effect of the carbon tax repeal etc. on prices</heading>
            <content>
              <p>An entity must not, in trade or commerce, in connection with:</p>
              <p>make a false or misleading representation, during the carbon tax repeal transition period, concerning the effect of:</p>
              <p>on the price for the supply of the goods or services.</p>
            </content>
            <paragraph eId="schedule-2__clause-60K__para-a">
              <num>a</num>
              <content>
                <p>the supply or possible supply of goods or services; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60K__para-b">
              <num>b</num>
              <content>
                <p>the promotion by any means of the supply or use of goods or services;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60K__para-c">
              <num>c</num>
              <content>
                <p>the carbon tax repeal or a part of the carbon tax repeal; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60K__para-d">
              <num>d</num>
              <content>
                <p>the carbon tax scheme or a part of the carbon tax scheme;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60L">
            <num>60L</num>
            <heading>Issuing an infringement notice</heading>
            <content>
              <p>Issuing an infringement notice</p>
              <p>Matters to be included in an infringement notice</p>
              <p>Amount of penalty</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60L__subclause-1">
              <num>1</num>
              <content>
                <p>If the Commission has reasonable grounds to believe that a person has contravened an infringement notice provision, the Commission may issue an infringement notice to the person.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60L__subclause-2">
              <num>2</num>
              <content>
                <p>The Commission must not issue more than one infringement notice to the person for the same alleged contravention of the infringement notice provision.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60L__subclause-3">
              <num>3</num>
              <content>
                <p>The infringement notice does not have any effect if the notice:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60L__para-a">
              <num>a</num>
              <content>
                <p>is issued more than 12 months after the day on which the contravention of the infringement notice provision is alleged to have occurred; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-b">
              <num>b</num>
              <content>
                <p>relates to more than one alleged contravention of an infringement notice provision by the person.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60L__subclause-4">
              <num>4</num>
              <content>
                <p>An infringement notice must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60L__para-a">
              <num>a</num>
              <content>
                <p>be identified by a unique number; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-b">
              <num>b</num>
              <content>
                <p>state the day on which it is issued; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-c">
              <num>c</num>
              <content>
                <p>state the name and address of the person to whom it is issued; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-d">
              <num>d</num>
              <content>
                <p>identify the Commission; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-e">
              <num>e</num>
              <content>
                <p>state how the Commission may be contacted; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-f">
              <num>f</num>
              <content>
                <p>give details of the alleged contravention by the person, including:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-i">
              <num>i</num>
              <content>
                <p>the date of the alleged contravention; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-ii">
              <num>ii</num>
              <content>
                <p>the particular infringement notice provision that was allegedly contravened; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-g">
              <num>g</num>
              <content>
                <p>state the maximum pecuniary penalty that the court could order the person to pay under <ref href="#sec-76">section 76</ref> for the alleged contravention; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-h">
              <num>h</num>
              <content>
                <p>specify the penalty that is payable in relation to the alleged contravention; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-i">
              <num>i</num>
              <content>
                <p>state that the penalty is payable within the infringement notice compliance period for the notice; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-j">
              <num>j</num>
              <content>
                <p>state that the penalty is payable to the Commission on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-k">
              <num>k</num>
              <content>
                <p>explain how payment of the penalty is to be made; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-l">
              <num>l</num>
              <content>
                <p>explain the effect of sections 60M, 60N, 60P and 60Q.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60L__subclause-5">
              <num>5</num>
              <content>
                <p>The penalty to be specified in an infringement notice that is to be issued to a person in relation to an alleged contravention of an infringement notice provision must be:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60L__para-a">
              <num>a</num>
              <content>
                <p>if the person is a listed corporation—<quantity refersTo="#penaltyUnit">600 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-b">
              <num>b</num>
              <content>
                <p>if the person is a body corporate other than a listed corporation—<quantity refersTo="#penaltyUnit">60 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60L__para-c">
              <num>c</num>
              <content>
                <p>if the person is not a body corporate—<quantity refersTo="#penaltyUnit">12 penalty units</quantity>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60M">
            <num>60M</num>
            <heading>Effect of compliance with an infringement notice</heading>
            <content>
              <p>Scope</p>
              <p>Effect</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60M__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60M__para-a">
              <num>a</num>
              <content>
                <p>an infringement notice for an alleged contravention of an infringement notice provision is issued to a person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60M__para-b">
              <num>b</num>
              <content>
                <p>the person pays the penalty specified in the infringement notice within the infringement notice compliance period and in accordance with the notice; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60M__para-c">
              <num>c</num>
              <content>
                <p>the infringement notice is not withdrawn under <ref href="#sec-60Q">section 60Q</ref>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60M__subclause-2">
              <num>2</num>
              <content>
                <p>The person is not, merely because of the payment, regarded as:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60M__para-a">
              <num>a</num>
              <content>
                <p>having contravened the infringement notice provision; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60M__para-b">
              <num>b</num>
              <content>
                <p>having been convicted of an offence constituted by the same conduct that constituted the alleged contravention of the infringement notice provision.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60M__subclause-3">
              <num>3</num>
              <content>
                <p>No proceedings (whether criminal or civil) may be started or continued against the person, by or on behalf of the Commonwealth, in relation to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60M__para-a">
              <num>a</num>
              <content>
                <p>the alleged contravention of the infringement notice provision; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60M__para-b">
              <num>b</num>
              <content>
                <p>an offence constituted by the same conduct that constituted the alleged contravention.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60N">
            <num>60N</num>
            <heading>Effect of failure to comply with an infringement notice</heading>
            <content>
              <p>If:</p>
              <p>the person is liable to proceedings under <ref href="#part-VI">Part VI</ref> in relation to the alleged contravention of the infringement notice provision.</p>
            </content>
            <paragraph eId="schedule-2__clause-60N__para-a">
              <num>a</num>
              <content>
                <p>an infringement notice for an alleged contravention of an infringement notice provision is issued to a person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60N__para-b">
              <num>b</num>
              <content>
                <p>the person fails to pay the penalty specified in the infringement notice within the infringement notice compliance period and in accordance with the notice; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60N__para-c">
              <num>c</num>
              <content>
                <p>the infringement notice is not withdrawn under <ref href="#sec-60Q">section 60Q</ref>;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60P">
            <num>60P</num>
            <heading>Infringement notice compliance period for infringement notice</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-60P__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	The <b><i>infringement notice compliance period</i></b> for an infringement notice is the period of 28 days beginning on the day after the day on which the infringement notice is issued by the Commission.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60P__subclause-2">
              <num>2</num>
              <content>
                <p>Subsection (1) has effect subject to subsection (7).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60P__subclause-3">
              <num>3</num>
              <content>
                <p>The Commission may extend, by notice in writing, the infringement notice compliance period for the notice if the Commission is satisfied that it is appropriate to do so.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60P__subclause-4">
              <num>4</num>
              <content>
                <p>Only one extension may be given, and the extension must not be for longer than 28 days.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60P__subclause-5">
              <num>5</num>
              <content>
                <p>Notice of the extension must be given to the person who was issued the infringement notice.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60P__subclause-6">
              <num>6</num>
              <content>
                <p>A failure to comply with subsection (5) does not affect the validity of the extension.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60P__subclause-7">
              <num>7</num>
              <content>
                <p>If the Commission extends the infringement notice compliance period for an infringement notice, a reference in this Division to the infringement notice compliance period for an infringement notice is taken to be a reference to the infringement notice compliance period as so extended.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60Q">
            <num>60Q</num>
            <heading>Withdrawal of an infringement notice</heading>
            <content>
              <p>Representations to the Commission</p>
              <p>Withdrawal by the Commission</p>
              <p>Content of withdrawal notices</p>
              <p>Time limit for giving withdrawal notices</p>
              <p>Refunds</p>
              <p>Note:	For appropriation, see <i>Financial Management and Accountability Act 1997</i>.<ref href="#sec-28">section 28</ref> of the </p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-60Q__subclause-1">
              <num>1</num>
              <content>
                <p>A person to whom an infringement notice has been issued for an alleged contravention of an infringement notice provision may make written representations to the Commission seeking the withdrawal of the infringement notice.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60Q__subclause-2">
              <num>2</num>
              <content>
                <p>Evidence or information that the person, or a representative of the person, gives to the Commission in the course of making representations under subsection (1) is not admissible in evidence against the person or representative in any proceedings (other than proceedings for an offence based on the evidence or information given being false or misleading).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60Q__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	The Commission may, by written notice (the <b><i>withdrawal notice</i></b>) given to the person to whom an infringement notice was issued, withdraw the infringement notice if the Commission is satisfied that it is appropriate to do so.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60Q__subclause-4">
              <num>4</num>
              <content>
                <p>Subsection (3) applies whether or not the person has made representations seeking the withdrawal.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60Q__subclause-5">
              <num>5</num>
              <content>
                <p>The withdrawal notice must state:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-60Q__para-a">
              <num>a</num>
              <content>
                <p>the name and address of the person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60Q__para-b">
              <num>b</num>
              <content>
                <p>the day on which the infringement notice was issued to the person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60Q__para-c">
              <num>c</num>
              <content>
                <p>that the infringement notice is withdrawn; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60Q__para-d">
              <num>d</num>
              <content>
                <p>that proceedings under <ref href="#part-VI">Part VI</ref> may be started or continued against the person in relation to:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60Q__para-i">
              <num>i</num>
              <content>
                <p>the alleged contravention the infringement notice provision; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60Q__para-ii">
              <num>ii</num>
              <content>
                <p>an offence constituted by the same conduct that constituted the alleged contravention.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-60Q__subclause-6">
              <num>6</num>
              <content>
                <p>To be effective, the withdrawal notice must be given to the person within the infringement notice compliance period for the infringement notice.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-60Q__subclause-7">
              <num>7</num>
              <content>
                <p>If the infringement notice is withdrawn after the person has paid the penalty specified in the infringement notice, the Commission must, on behalf of the Commonwealth, refund to the person an amount equal to the amount paid.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60R">
            <num>60R</num>
            <heading>Effect of this Division</heading>
            <content>
              <p>This Division does not:</p>
            </content>
            <paragraph eId="schedule-2__clause-60R__para-a">
              <num>a</num>
              <content>
                <p>require an infringement notice to be issued to a person for an alleged contravention of an infringement notice provision; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60R__para-b">
              <num>b</num>
              <content>
                <p>affect the liability of a person to proceedings under <ref href="#part-VI">Part VI</ref> in relation to an alleged contravention of an infringement notice provision if:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60R__para-i">
              <num>i</num>
              <content>
                <p>an infringement notice is not issued to the person for the alleged contravention; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60R__para-ii">
              <num>ii</num>
              <content>
                <p>an infringement notice issued to a person for the alleged contravention is withdrawn under <ref href="#sec-60Q">section 60Q</ref>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-60R__para-c">
              <num>c</num>
              <content>
                <p>prevent a court from imposing a higher penalty than the penalty specified in the infringement notice if the person does not comply with the notice.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-4">
            <num>4</num>
            <heading>Subsection 75B(1)</heading>
            <content>
              <p>After “section”, insert “60C, 60K or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-5">
            <num>5</num>
            <heading>After subparagraph 76(1)(a)(i)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-5__para-ii">
              <num>ii</num>
              <content>
                <p><ref href="#sec-60C">section 60C</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-5__para-iia">
              <num>iia</num>
              <content>
                <p><ref href="#sec-60K">section 60K</ref>;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-6">
            <num>6</num>
            <heading>After paragraph 76(1A)(b)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-6__para-ba">
              <num>ba</num>
              <content>
                <p>for each act or omission to which this section applies that relates to <quantity refersTo="#penaltyUnit">6,471 penalty units</quantity>; and<ref href="#sec-60C">section 60C</ref> or 60K—</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-7">
            <num>7</num>
            <heading>Before paragraph 76(1B)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-7__para-aa">
              <num>aa</num>
              <content>
                <p>for each act or omission to which this section applies that relates to <quantity refersTo="#penaltyUnit">1,295 penalty units</quantity>; and<ref href="#sec-60C">section 60C</ref> or 60K—</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-8">
            <num>8</num>
            <heading>Paragraph 77A(3) (at the end of the definition of civil liability)</heading>
            <content>
              <p>Add “or <ref href="#part-V">Part V</ref>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-9">
            <num>9</num>
            <heading>Paragraph 80(1)(a)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-2__clause-9__para-a">
              <num>a</num>
              <content>
                <p>a contravention of any of the following provisions:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-9__para-i">
              <num>i</num>
              <content>
                <p>a provision of <ref href="#part-IV">Part IV</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-9__para-ii">
              <num>ii</num>
              <content>
                <p>a provision of <ref href="#dvs-2">Division 2</ref> or 5 of <ref href="#part-IVB">Part IVB</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-9__para-iii">
              <num>iii</num>
              <content>
                <p><ref href="#sec-60C">section 60C</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-9__para-iv">
              <num>iv</num>
              <content>
                <p><ref href="#sec-60K">section 60K</ref>; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-10">
            <num>10</num>
            <heading>At the end of subsection 80(1A)</heading>
            <content>
              <p>Add “, 60C or 60K”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-11">
            <num>11</num>
            <heading>After section 80</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-80A">
            <num>80A</num>
            <heading>Price exploitation in relation to the carbon tax repeal—orders limiting prices or requiring refunds of money</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-80A__subclause-1">
              <num>1</num>
              <content>
                <p>If, on the application of the Commission, the Court is satisfied that a person has engaged in conduct constituting a contravention of <ref href="#sec-60C">section 60C</ref>, the Court may make either or both of the following orders:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-80A__para-a">
              <num>a</num>
              <content>
                <p>an order requiring that person, or a person involved in the contravention, not to make a regulated supply of a kind specified in the order for a price in excess of the price specified in the order while the order remains in force;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-80A__para-b">
              <num>b</num>
              <content>
                <p>an order requiring that person, or a person involved in the contravention, to refund money to a person specified in the order.</p>
              </content>
            </paragraph>
            <content>
              <p>Note:	Section 60C is about price exploitation in relation to the carbon tax repeal.</p>
              <p><b><i>price</i></b> has the same meaning as in Part V.</p>
              <p><b><i>regulated supply</i></b> has the same meaning as in Part V.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-80A__subclause-2">
              <num>2</num>
              <content>
                <p>This section does not limit <ref href="#sec-80">section 80</ref>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-80A__subclause-3">
              <num>3</num>
              <content>
                <p>In this section:</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-12">
            <num>12</num>
            <heading>Subsection 82(1)</heading>
            <content>
              <p>After “IVB”, insert “, or of <ref href="#sec-60C">section 60C</ref> or 60K,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-13">
            <num>13</num>
            <heading>Section 83</heading>
            <content>
              <p>After “IVB”, insert “, or of <ref href="#sec-60C">section 60C</ref> or 60K,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-14">
            <num>14</num>
            <heading>Paragraphs 84(1)(b) and (3)(b)</heading>
            <content>
              <p>After “IVB”, insert “or V”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-15">
            <num>15</num>
            <heading>After paragraph 85(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-15__para-aa">
              <num>aa</num>
              <content>
                <p>engaged in conduct in contravention of <ref href="#sec-60C">section 60C</ref> or 60K; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-16">
            <num>16</num>
            <heading>Paragraph 86C(2)(a)</heading>
            <content>
              <p>Before “a”, insert “except in the case of contravening conduct that relates to <ref href="#sec-60C">section 60C</ref> or 60K—”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-17">
            <num>17</num>
            <heading>Paragraph 86C(2)(b)</heading>
            <content>
              <p>Before “a probation”, insert “except in the case of contravening conduct that relates to <ref href="#sec-60C">section 60C</ref> or 60K—”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-18">
            <num>18</num>
            <heading>Subsection 86C(4) (paragraph (a) of the definition of contravening conduct)</heading>
            <content>
              <p>After “section”, insert “60C, 60K or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-19">
            <num>19</num>
            <heading>Subsection 87(1)</heading>
            <content>
              <p>After “IVB”, insert “, or of <ref href="#sec-60C">section 60C</ref> or 60K,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-20">
            <num>20</num>
            <heading>Paragraph 87(1A)(a)</heading>
            <content>
              <p>After “IVB”, insert “or <ref href="#sec-60C">section 60C</ref> or 60K”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-21">
            <num>21</num>
            <heading>Paragraph 87(1A)(b)</heading>
            <content>
              <p>Omit “45E) or <ref href="#dvs-2">Division 2</ref> of <ref href="#part-IVB">Part IVB</ref>”, substitute “45E), <ref href="#dvs-2">Division 2</ref> of <ref href="#part-IVB">Part IVB</ref> or <ref href="#sec-60C">section 60C</ref> or 60K”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-22">
            <num>22</num>
            <heading>Paragraph 87(1B)(a)</heading>
            <content>
              <p>Omit “45E) or <ref href="#dvs-2">Division 2</ref> of <ref href="#part-IVB">Part IVB</ref>”, substitute “45E), <ref href="#dvs-2">Division 2</ref> of <ref href="#part-IVB">Part IVB</ref> or <ref href="#sec-60C">section 60C</ref> or 60K”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-23">
            <num>23</num>
            <heading>Subsection 87(1C)</heading>
            <content>
              <p>Omit “or <ref href="#dvs-2">Division 2</ref> of <ref href="#part-IVB">Part IVB</ref>”, substitute “, <ref href="#dvs-2">Division 2</ref> of <ref href="#part-IVB">Part IVB</ref> or <ref href="#sec-60C">section 60C</ref> or 60K”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-24">
            <num>24</num>
            <heading>Subsection 155AAA(21) (paragraph (a) of the definition of core statutory provision)</heading>
            <content>
              <p>After “<ref href="#part-IV">Part IV</ref>,”, insert “V,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-25">
            <num>25</num>
            <heading>Subsection 155AAA(21) (after paragraph (b) of the definition of protected information)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-25__para-ba">
              <num>ba</num>
              <content>
                <p>information that was obtained by the Commission under paragraph 60FD(2)(b) or <ref href="#sec-60F">section 60F</ref>A or 60H; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-26">
            <num>26</num>
            <heading>Before subparagraph 163A(1)(a)(ii)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-26__para-i">
              <num>i</num>
              <content>
                <p><ref href="#part-V">Part V</ref>;</p>
              </content>
            </paragraph>
          </hcontainer>
        </hcontainer>
      </attachment>
      <attachment>
        <hcontainer name="schedule" eId="schedule-3">
          <heading>Repeal of tax offset for conservation tillage</heading>
          <content>
            <p>Clean Energy (Consequential Amendments) Act 2011</p>
          </content>
          <hcontainer name="clause" eId="schedule-3__clause-1">
            <num>1</num>
            <heading>Subsection 2(1) (table item 6)</heading>
            <content>
              <p>Repeal the item.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-2">
            <num>2</num>
            <heading>Part 3 of Schedule 2</heading>
            <content>
              <p>Repeal the Part.</p>
              <p>Income Tax Assessment Act 1997</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-3">
            <num>3</num>
            <heading>Section 67-23 (table item 24)</heading>
            <content>
              <p>Repeal the item.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-4">
            <num>4</num>
            <heading>Subdivision 385-J</heading>
            <content>
              <p>Repeal the Subdivision.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-5">
            <num>5</num>
            <heading>Subsection 995-1(1) (definition of eligible no-till seeder)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-6">
            <num>6</num>
            <heading>Application of amendments</heading>
            <content>
              <p>The amendments made by this Schedule apply to assessments for the 2014-15 income year and later income years.</p>
              <p>Note:	The provisions of the <i>Income Tax Assessment Act 1997</i> repealed by this Schedule will continue to apply to assessments for the 2012-13 and 2013-14 income years.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-7">
            <num>7</num>
            <heading>Transitional—timing relating to 2013-14 income year</heading>
            <content>
              <p>The following provisions of the <i>Income Tax Assessment Act 1997</i>:</p>
              <p>apply for the purposes of assessments for the 2013-14 income year as if those provisions referred to <date date="2014-06-30">30 June 2014</date> rather than <date date="2015-06-30">30 June 2015</date>.</p>
            </content>
            <paragraph eId="schedule-3__clause-7__para-a">
              <num>a</num>
              <content>
                <p>subparagraph 385-175(1)(e)(ii);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-7__para-b">
              <num>b</num>
              <content>
                <p>subparagraph 385-190(1)(c)(ii);</p>
              </content>
            </paragraph>
          </hcontainer>
        </hcontainer>
      </attachment>
      <attachment>
        <hcontainer name="schedule" eId="schedule-4">
          <heading>Repeal of the Steel Transformation Plan Act 2011</heading>
          <content>
            <p>Steel Transformation Plan Act 2011</p>
          </content>
          <hcontainer name="clause" eId="schedule-4__clause-1">
            <num>1</num>
            <heading>The whole of the Act</heading>
            <content>
              <p>Repeal the Act.</p>
              <p>Note:	On the repeal of the Act, the Steel Transformation Plan 2012 (which was made under Part 3 of the Act) will also cease to have effect.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-2">
            <num>2</num>
            <heading>Effect of repeal</heading>
            <hcontainer name="subclause" eId="schedule-4__clause-2__subclause-1">
              <num>1</num>
              <content>
                <p>To avoid doubt:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-2__para-a">
              <num>a</num>
              <content>
                <p>no assistance is payable under the old Act or the old Plan after the commencement of this Schedule, including in respect of the half-year ending on <date date="2014-06-30">30 June 2014</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-2__para-b">
              <num>b</num>
              <content>
                <p>a return is not required to be (and cannot be) provided under Part 4 of the old Plan in respect of the half-year ending on <date date="2014-06-30">30 June 2014</date> (or any later half-year); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-2__para-c">
              <num>c</num>
              <content>
                <p>the following conditions cease to have effect on the commencement of this Schedule:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-2__para-i">
              <num>i</num>
              <content>
                <p>conditions to which payments of competitiveness assistance advances under the old Act were subject;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-2__para-ii">
              <num>ii</num>
              <content>
                <p>conditions to which registrations of corporations under the old Plan as STP participants were subject; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-2__para-d">
              <num>d</num>
              <content>
                <p>the Department’s annual report for the financial year ending on <date date="2014-06-30">30 June 2014</date> (or any later financial year) is not required to comply with section 26 of the old Act.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-2__subclause-2">
              <num>2</num>
              <content>
                <p>In this item:</p>
              </content>
            </hcontainer>
            <content>
              <p><b><i>old Act</i></b> means the <i>Steel Transformation Plan Act 2011</i>.</p>
              <p><b><i>old Plan</i></b> means the Steel Transformation Plan 2012 made under Part 3 of the old Act.</p>
            </content>
          </hcontainer>
        </hcontainer>
      </attachment>
      <attachment>
        <hcontainer name="schedule" eId="schedule-5">
          <heading>Australian Renewable Energy Agency’s finances</heading>
          <content>
            <p>Australian Renewable Energy Agency Act 2011</p>
          </content>
          <hcontainer name="clause" eId="schedule-5__clause-1">
            <num>1</num>
            <heading>Subsection 64(1) (table)</heading>
            <content>
              <p>Repeal the table, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-2">
            <num>2</num>
            <heading>Subsections 64(3) to (6)</heading>
            <content>
              <p>Repeal the subsections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-3">
            <num>3</num>
            <heading>Subsection 65(4) (note)</heading>
            <content>
              <p>Omit “subsections 64(2) to (6)”, substitute “subsection 64(2)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-4">
            <num>4</num>
            <heading>Application</heading>
            <content>
              <p>To avoid doubt:</p>
              <p>Note:	The unspent amount from the 2012-2013 financial year has instead been directly factored into amounts specified in the table substituted by item 1.</p>
              <p>Endnotes</p>
              <p>Endnote 1—About the endnotes</p>
              <p>The endnotes provide information about this compilation and the compiled law.</p>
              <p>The following endnotes are included in every compilation:</p>
              <p>Endnote 1—About the endnotes</p>
              <p>Endnote 2—Abbreviation key</p>
              <p>Endnote 3—Legislation history</p>
              <p>Endnote 4—Amendment history</p>
              <p>
                <b>Abbreviation key—</b>
                <b>E</b>
                <b>ndnote 2</b>
              </p>
              <p>The abbreviation key sets out abbreviations that may be used in the endnotes.</p>
              <p>
                <b>Legislation history and amendment history—</b>
                <b>E</b>
                <b>ndnotes 3 and 4</b>
              </p>
              <p>Amending laws are annotated in the legislation history and amendment history.</p>
              <p>The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.</p>
              <p>The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.</p>
              <p>
                <b>Editorial changes</b>
              </p>
              <p>The <i>Legislation Act 2003</i> authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.</p>
              <p>If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.</p>
              <p>
                <b>Misdescribed amendments</b>
              </p>
              <p>A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under <i>Legislation Act 2003</i>.<ref href="#sec-15V">section 15V</ref> of the </p>
              <p>If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.</p>
              <p>Endnote 2—Abbreviation key</p>
              <p>Endnote 3—Legislation history</p>
              <p>Endnote 4—Amendment history</p>
            </content>
            <paragraph eId="schedule-5__clause-4__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the amendments made by this Part do not affect how the <i>Australian Renewable Energy Agency Act 2011 </i>applied, before the commencement of this Part, in relation to the financial year 2012-2013; but</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-4__para-b">
              <num>b</num>
              <content>
                <p>for the purposes of that Act as amended by this Part, subsection 64(2) of that Act does not apply so as to carry over to the 2013-2014 financial year any unspent amount from the 2012-2013 financial year.</p>
              </content>
            </paragraph>
          </hcontainer>
        </hcontainer>
      </attachment>
    </attachments>
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</akomaNtoso>
