The historic Clean Energy legislation package passed through the Australian House of Representatives on 12 October 2011. It is expected to be approved by the Senate and pass into law by December 2011. The package contains 19 bills, which the Federal Government hopes will secure a ‘clean energy future’ and give effect to a carbon price mechanism policy announced earlier this year.
The attached Squire Sanders briefing paper outlines the following key information:
- an outline of the elements of the package;
- an overview of the system;
- affected parties;
- transferring liability; and
- the lead up to July 2012.