Carbon Tax to be Abolished - jumping the gun?

[johnydep]

This was emailed to me today. I didn't think that it was a sure thing.

http://www.arctick.org/coolchange/issue-31/article1.php

AUSTRALIAN REFRIGERATION COUNCIL Ltd
Phone : 1300 88 44 83

Carbon Tax to be Abolished

The Australian Government has announced details of its plans to repeal the carbon tax, including the equivalent carbon tax on synthetic greenhouse gases, from 1 July 2014.

Bills to repeal the carbon tax were tabled in Parliament on 12 November 2013. The bills were finalised after consultation with stakeholders.

Key points of the repeal bills for synthetic greenhouse gases are:

- The equivalent carbon tax will be repealed from 1 July 2014 and will not apply to imports of synthetic greenhouse gases made after this date. Synthetic greenhouse gas importers must pay the equivalent carbon tax on imports arriving in Australia up to 30 June 2014.

- To reduce the risk of refrigerant shortages before 1 July 2014, refrigerant imported from 1 April - 30 June 2014 will be exempt from the carbon tax if it is stored in a Customs warehouse and not released until after 1 July 2014.

- Applications for export refunds will be accepted up to 31 December 2015 for synthetic greenhouse gases imported before 1 July 2014 and exported before 1 July 2015.

- The Australian Competition & Consumer Commission (ACCC) will have new powers to monitor prices and take action against businesses that attempt to exploit other businesses and consumers by charging unreasonably high prices or making false or misleading claims about the effect of the carbon tax repeal on prices. This is to ensure that consumers benefit from expected price reductions following the removal of the carbon tax.