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This is a Bill, not an Act. For current law, see the Acts databases.
2019-2020-2021
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Snowy Hydro Corporatisation
Amendment (No New Fossil Fuels) Bill
2021
No. , 2021
(Mr Bandt)
A Bill for an Act to amend the
Snowy Hydro
Corporatisation Act 1997
, and for related purposes
No. , 2021
Snowy Hydro Corporatisation Amendment (No New Fossil Fuels) Bill
2021
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedules ........................................................................................... 2
Schedule 1--Amendments
3
Snowy Hydro Corporatisation Act 1997
3
No. , 2021
Snowy Hydro Corporatisation Amendment (No New Fossil Fuels) Bill
2021
1
A Bill for an Act to amend the
Snowy Hydro
1
Corporatisation Act 1997
, and for related purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act is the
Snowy Hydro Corporatisation Amendment (No New
5
Fossil Fuels) Act 2021
.
6
2 Commencement
7
(1) Each provision of this Act specified in column 1 of the table
8
commences, or is taken to have commenced, in accordance with
9
column 2 of the table. Any other statement in column 2 has effect
10
according to its terms.
11
2
Snowy Hydro Corporatisation Amendment (No New Fossil Fuels) Bill
2021
No. , 2021
1
Commencement information
Column 1
Column 2
Column 3
Provisions
Commencement
Date/Details
1. The whole of
this Act
The day this Act receives the Royal Assent.
Note:
This table relates only to the provisions of this Act as originally
2
enacted. It will not be amended to deal with any later amendments of
3
this Act.
4
(2) Any information in column 3 of the table is not part of this Act.
5
Information may be inserted in this column, or information in it
6
may be edited, in any published version of this Act.
7
3 Schedules
8
Legislation that is specified in a Schedule to this Act is amended or
9
repealed as set out in the applicable items in the Schedule
10
concerned, and any other item in a Schedule to this Act has effect
11
according to its terms.
12
Amendments
Schedule 1
No. , 2021
Snowy Hydro Corporatisation Amendment (No New Fossil Fuels) Bill
2021
3
Schedule 1--Amendments
1
2
Snowy Hydro Corporatisation Act 1997
3
1 Section 3 (heading)
4
Omit "
Object
", substitute "
Objects
".
5
2 After subsection 3(1)
6
Insert:
7
(1A) As part of the goal of reducing Australia's greenhouse gas
8
pollution by phasing out the generation of electricity in Australia
9
from fossil fuels, a further object of this Act is to ensure that the
10
Snowy Hydro Company and other Snowy hydro-group companies
11
are not involved in creating or investing in new fossil fuel-based
12
electricity generation capacity.
13
3 At the end of section 4
14
Add:
15
•
This Act also provides a requirement for the Snow Hydro
16
Company and Snowy hydro-group companies not to be
17
involved in creating or investing in new fossil fuel-based
18
electricity generation capacity.
19
4 Subsection 5(1)
20
Insert:
21
fossil fuel-based electricity generation capacity
means electricity
22
generation capacity that derives from facilities or assets that rely
23
wholly or predominantly on fossil fuels, or material or waste
24
products derived from fossil fuels, to generate electricity.
25
fossil fuels
means any of the following:
26
(a) coal, oil, natural gas or other petroleum-based products;
27
(b) products, by-products and wastes associated with, or
28
produced from, extracting and processing coal, oil, natural
29
gas or other petroleum-based products.
30
Schedule 1
Amendments
4
Snowy Hydro Corporatisation Amendment (No New Fossil Fuels) Bill
2021
No. , 2021
new
, in relation to fossil fuel-based electricity generation capacity:
1
see subsection 8A(2).
2
5 Subsection 8(2)
3
After "subject to", insert "section 8A and".
4
6 After section 8
5
Insert:
6
8A Snowy hydro-group companies and new fossil fuel-based
7
electricity generation capacity
8
(1) Snowy Hydro Company, as a wholly-owned Commonwealth
9
company (within the meaning of the
Public Governance,
10
Performance and Accountability Act 2013
), and other Snowy
11
hydro-group companies must not do any of the following:
12
(a) develop or construct, or be involved in the development or
13
construction, of new fossil fuel-based electricity generation
14
capacity;
15
(b) acquire, purchase or otherwise invest in, or be involved in
16
acquiring, purchasing or investing in, new fossil fuel-based
17
electricity generation capacity;
18
(c) operate, or be involved in the operation of, new fossil
19
fuel-based electricity generation capacity.
20
Note:
See also section 93 of the
Public Governance, Performance and
21
Accountability Act 2013
, which provides for government policy orders
22
to be made that apply to wholly-owned Commonwealth companies.
23
(2) For the purposes of subsection (1), fossil fuel-based electricity
24
generation capacity is not
new
if it:
25
(a) derives from assets or facilities that a Snowy hydro-group
26
company owns, controls or operates immediately before the
27
day this section commences; or
28
(b) derives, or will derive, from assets or facilities that a Snowy
29
hydro-group company is required:
30
(i) to construct, develop, acquire, purchase, invest in or
31
operate; or
32
(ii) to be involved in doing any of those things;
33
Amendments
Schedule 1
No. , 2021
Snowy Hydro Corporatisation Amendment (No New Fossil Fuels) Bill
2021
5
under a binding contract entered into by a Snowy
1
hydro-group company before the day this section
2
commences.
3
(3) The directors of Snowy Hydro Company must ensure that this
4
section is complied with:
5
(a) in relation to the Company; and
6
(b) in relation to any other Snowy hydro-group company.
7