Miscellaneous 2007

Carbon consequences - preparing for the Australian emissions trading system: flow-on tax consequences

Source: New South Wales

Published Date: 2 Nov 2007

 

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Earlier this year on 17 July 2007, the Federal Government announced the introduction of the Australian Emissions Trading System which may impact as many as 900 large emitters as well as upstream fuel suppliers. While the goal is for trading to commence in 2011, detailed design elements are to be completed next year with a view for enabling legislation to be passed in 2009. On 15 August this year the first steps were taken with the introduction of the National Greenhouse and Energy Reporting Bill. Currently, the government is undertaking consultation on early abatement activities with decisions on early action and consultation taxation treatment of permits to occur in the first half of next year. Now is the time for industry and the profession to be engaging with the government. This paper covers:

  • the Australian Emissions Trading System: where are we now?
  • flow-on tax consequences on such issues as permit issuance, trading, abatement activities and incentives
  • next steps.

Individual Session

Carbon consequences: preparing for the Australian emissions trading system: flow-on tax consequences

Author(s): Judy Morris

Details

  • Published By: Judy Morris
  • Published On:2 Nov 2007
  • Took place at:Crowne Plaza Hunter Valley

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Miscellaneous 2007

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