CARBON TAXES – GOVERNMENT POLICY – AUSTRALIA

Rinehart to Labor: follow Malcolm’s lead and ditch carbon tax

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Original article by Perry Williams
The Age – Page: 25 : 4-Dec-15

The Australian Labor Party’s 2016 federal election platform will include an emissions trading scheme. However, mining magnate Gina Rinehart has urged the Opposition to commit to not introducing a carbon tax, arguing that governments should not be imposing any taxes on companies that reduce their ability to compete internationally. Rinehart has also noted the dearth of major greenfield mining projects in Australia following the start of production at her Roy Hill iron ore project.

CORPORATES
AUSTRALIAN LABOR PARTY, ROY HILL IRON ORE PTY LTD, HANCOCK PROSPECTING PTY LTD, POSCHELK DENTAL SURGERIES, MARUBENI CORPORATION, CHINA STEEL CORPORATION, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, LIBERAL PARTY OF AUSTRALIA

Budget is dead, says Palmer

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 18-Jul-14

The Australian Government has succeeded in scrapping the carbon tax, although the Senate is expected to block legislation to repeal the mining tax. Meanwhile, many of the key measures in the May 2014 Budget remain in doubt due to resistance in the Senate. Crossbench MP Clive Palmer believes that the Government’s only options are a mini-budget or a new election. Palmer and Australians Greens leader Christine Milne both say the Government had not sought to negotiate with them regarding Budget measures

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS, PALMER UNITED PARTY, McKELL INSTITUTE, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Carbon tax price reductions, maybe

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 15-Jul-14

The Australian Government has reintroduced the bill to repeal the carbon tax in Parliament, after agreeing to make amendments demanded by the Palmer United Party. The Government hopes that the legislation will be passed through the Senate on 15 July 2014. Explanatory notes attached to the legislation show that it will be difficult to calculate the costs imposed by the carbon tax and passed on to consumers. Under the amended legislation, gas and electricity supplies must specify within 30 days how the cost savings will flow to customers

CORPORATES
PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Abbott gets deal to axe carbon tax

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 14-Jul-14

The Australian Government appears to have secured a compromise deal with Clive Palmer to abolish the carbon tax. The Government has agreed to Palmer’s requirement that the energy sector will be the only industry that would be subject to a disclosure regime regarding the carbon tax and the cost saving arising from its abolition. The Government hopes to put the carbon tax repeal legislation to the Senate on 14 July 2014

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PALMER UNITED PARTY, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. CLIMATE CHANGE AUTHORITY

Carbon tax set for scrap heap as Palmer finalises ETS details

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Original article by Lisa Cox, James Massola, Tom Arup
The Sydney Morning Herald – Page: 5 : 9-Jul-14

There was further discussion in the Australian Senate on 8 July 2014 of the Federal Government’s legislation to repeal the carbon tax, with a vote now expected by 9 July. While the Australian Labor Party and Australian Greens are opposed, Prime Minister Tony Abbott will be able to pass the bill with the help of the Palmer United Party. However, in return it will extract a pledge to force electricity companies to pass on the savings in full and show them on bills sent to consumers. The Climate Change Authority will also be retained. Meanwhile Australian Motoring Enthusiast Party senator Ricky Muir wants to stop the abolition of the Australian Renewable Energy Agency as well

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PALMER UNITED PARTY, AUSTRALIAN MOTORING ENTHUSIAST PARTY, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, AUSTRALIA. CLIMATE CHANGE AUTHORITY, AUSTRALIAN RENEWABLE ENERGY AGENCY

Swift axe for carbon tax

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 7-Jul-14

The Australian Senate is expected to pass legislation repealing the carbon tax in early July 2014. It has the support of crossbench senators, which will stop the Australian Labor Party and Australian Greens from delaying the vote. Business leaders, academic economists and the Climate Change Authority have called on the Government to retain a carbon price mechanism

CORPORATES
AUSTRALIA. CLIMATE CHANGE AUTHORITY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT, LIBERAL PARTY OF AUSTRALIA, THE AUSTRALIAN INDUSTRY GROUP

Palmer hijacks Abbott’s vow to repeal carbon tax

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1-Apr : 26-Jun-14

Australian MP Clive Palmer revealed the carbon policy of the Palmer United Party on 25 June 2014. Palmer said that he would keep his promise to repeal the carbon tax. However, he wants associated climate programs to be retained and the Federal Government’s "direct action" policy to be dropped. He also demands an emissions trading scheme. Former US vice-president Al Gore, who supports global action on climate change, appeared at Parliament House with Palmer

CORPORATES
PALMER UNITED PARTY, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, AUSTRALIA. CLIMATE CHANGE AUTHORITY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT, THE AUSTRALIAN INDUSTRY GROUP, BUSINESS COUNCIL OF AUSTRALIA, MINERALS COUNCIL OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY

AGL ready to cut carbon impost from customer bills

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Original article by Damon Kitney
The Australian – Page: 20 : 24-Jun-14

The Australian Government is confident that the Parliament will pass legislation repealing the carbon tax. Innes Willox, CEO of the Australian Industry Group, said on 23 June 2014 that the tax is an "unnecessary burden" on businesses. AGL Energy announced on the same day that it was ready to remove the carbon tax from the bills of residential and small business customers from 1 July, if the carbon repeal legislation is passed by Parliament

CORPORATES
AGL ENERGY LIMITED – ASX AGK, THE AUSTRALIAN INDUSTRY GROUP, ENERGY SUPPLY ASSOCIATION OF AUSTRALIA LIMITED, ENERGY RETAILERS ASSOCIATION OF AUSTRALIA INCORPORATED, NATIONAL GENERATORS’ FORUM, PALMER UNITED PARTY, AUSTRALIAN LABOR PARTY, KPMG AUSTRALIA PTY LTD

Business doubts over backdated tax refunds

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Original article by Mark Ludlow, Joanna Mather
The Australian Financial Review – Page: 6 : 24-Jun-14

The reintroduction of the carbon tax repeal bill to the House of Representatives on 23 June 2014 has prompted businesses to consider their actions if the carbon tax is indeed abolished. Diane Smith-Gander, the director of Wesfarmers and chairman of Transfield Services, spoke about the impact of the repeal of the tax on retailers at a Committee for Economic Development of Australia conference. The fact that the Australian Government wants the abolition of the carbon tax to be retrospective to 1 July will create problems for retailers, because of shoppers being entitled to a refund of any carbon tax component

CORPORATES
TRANSFIELD SERVICES LIMITED – ASX TSE, WESFARMERS LIMITED – ASX WES, WESFARMERS BUNNINGS LIMITED, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AGL ENERGY LIMITED – ASX AGK, ORIGIN ENERGY LIMITED – ASX ORG, ENERGY AUSTRALIA PTY LTD, STANWELL CORPORATION LIMITED, CS ENERGY LIMITED, MACQUARIE GENERATION, INTERNATIONAL POWER (AUSTRALIA) PTY LTD