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TRUE-UP SHORTFALL LEVY (GENERAL) (CARBON TAX REPEAL) BILL 2014

 

 

 

2013-2014 

 

The Parliament of the 

Commonwealth of Australia 

 

HOUSE OF REPRESENTATIVES 

 

 

 

 

Presented and read a first time 

 

 

 

 

True-up Shortfall Levy (General) 

(Carbon Tax Repeal) Bill 2014 

 

No.      , 2014 

 

(Environment) 

 

 

 

A Bill for an Act to impose a levy on true-up 

shortfalls under the Clean Energy Legislation 

(Carbon Tax Repeal) Act 2014, so far as that levy is 

neither a duty of customs nor a duty of excise 

   

   

   

 

 

No.      , 2014 

True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014 

i 

 

Contents 

Short title ........................................................................................... 1

 

Commencement ................................................................................. 2

 

Definitions ......................................................................................... 2

 

Crown to be bound ............................................................................. 3

 

Extension to external Territories ........................................................ 3

 

Extension to exclusive economic zone and continental shelf ............ 3

 

Extension to Joint Petroleum Development Area .............................. 3

 

Imposition of levy .............................................................................. 3

 

Act does not impose a tax on property of a State ............................... 4

 

 

 

 

No.      , 2014 

True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014 

1 

 

A Bill for an Act to impose a levy on true-up 

shortfalls under the Clean Energy Legislation 

(Carbon Tax Repeal) Act 2014, so far as that levy is 

neither a duty of customs nor a duty of excise 

The Parliament of Australia enacts: 

1  Short title 

 

  This Act may be cited as the True-up Shortfall Levy (General) 

(Carbon Tax Repeal) Act 2014

   

   

   

 

Section 2 

 

2 

True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014 

No.      , 2014 

 

2  Commencement 

 

(1)  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. 

 

Commencement information 

Column 1 

Column 2 

Column 3 

Provision(s) 

Commencement 

Date/Details 

1.  Sections 1 and 

2 and anything in 

this Act not 

elsewhere covered 

by this table 

The day this Act receives the Royal Assent. 

 

2.  Sections 3 to 9 

At the same time as Part 4 of Schedule 1 to 

the Clean Energy Legislation (Carbon Tax 

Repeal) Act 2014 commences. 

 

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. 

 

(2)  Any information in column 3 of the table is not part of this Act. 

10 

Information may be inserted in this column, or information in it 

11 

may be edited, in any published version of this Act. 

12 

3  Definitions 

13 

 

  In this Act: 

14 

Joint Petroleum Development Area has the same meaning as in 

15 

the Petroleum (Timor Sea Treaty) Act 2003

16 

person has the same meaning as in the Clean Energy Act 2011

17 

true-up shortfall has the same meaning as in Part 4 of Schedule 1 

18 

to the Clean Energy Legislation (Carbon Tax Repeal) Act 2014

19 

   

   

   

 

Section 4 

 

No.      , 2014 

True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014 

3 

 

4  Crown to be bound 

 

  This Act 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. 

5  Extension to external Territories 

 

  This Act extends to every external Territory. 

6  Extension to exclusive economic zone and continental shelf 

 

  This Act extends to Australia's exclusive economic zone and 

continental shelf. 

10 

7  Extension to Joint Petroleum Development Area 

11 

 

  This Act extends to the Joint Petroleum Development Area. 

12 

8  Imposition of levy 

13 

 

(1)  If a person has a true-up shortfall, levy is imposed on the true-up 

14 

shortfall. 

15 

 

(2)  Levy imposed by subsection (1) is payable by the person. 

16 

Amount of levy 

17 

 

(3)  The amount of levy imposed by subsection (1) on a true-up 

18 

shortfall is the amount worked out using the formula: 

19 

Number of units in

$24.15

the true-up shortfall

 

20 

General 

21 

 

(4)  This section imposes levy only so far as that levy is neither a duty 

22 

of customs nor a duty of excise within the meaning of section 55 of 

23 

the Constitution. 

24 

   

   

   

 

Section 9 

 

4 

True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014 

No.      , 2014 

 

9  Act does not impose a tax on property of a State 

 

(1)  This Act has no effect to the extent (if any) to which it imposes a 

tax on property of any kind belonging to a State. 

 

(2)  In this section, property of any kind belonging to a State has the 

same meaning as in section 114 of the Constitution. 

 


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