How long will Australia's carbon scheme last?
With the conservative Coalition parties sweeping to office on a platform of reducing spending and repealing the carbon scheme, this alert examines whether (and when) the new government can repeal the Clean Energy Act.
While the Australian election on 7 September produced a clear enough winner, it leaves significant uncertainty over the fate of Australia’s carbon scheme. The scheme, which is established under the Clean Energy Act, imposes a charge on most carbon emissions in Australia (notably excluding agricultural and road transport).
The conservative Coalition parties, whose campaign relied heavily on perceived voter dissatisfaction with the carbon scheme, won a comfortable majority in the lower house of Parliament, allowing them to form the next government. However, the new government does not hold a majority in the upper house (senate), significantly complicating its plans to repeal the carbon scheme…
If you are registered and logged in to the site, click on the link below to read the King & Wood Mallesons briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
The New Companies Ordinance (NCO) will come into effect on 3 March 2014. It includes changes that affect the way documents may be executed.
Analysis from The Lawyer
Shanghai’s ground-breaking Pilot Free Trade Zone could mark the beginning of the long-awaited liberalisation of China’s legal services sector.
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast