Thursday, November 22, 2012

Coalition Introduces Carbon Tax

A quick look through the NSW Government Gazette found this little gem (p4136):

ENERGY AND UTILITIES ADMINISTRATION ACT 1987
Energy and Utilities Administration (Energy Contributions) Order 2012 I, the Hon. ROBYN PARKER, M.P., Minister for the Environment, with the concurrence of the Hon. CHRIS HARTCHER, M.P., Minister for Resources and Energy, and the Hon. MIKE BAIRD, M.P., Treasurer, make the following Order under section 34J of the Energy and Utilities Administration Act 1987.

This Order takes effect on the date that it is published in the New South Wales Government Gazette. Dated at Sydney, this 18th day of September 2012. ROBYN PARKER, M.P., Minister for the Environment

Explanatory Note Section 34J of the Energy and Utilities Administration Act 1987, provides that the Minister may, by Order published in the New South Wales Government Gazette, require any one or more distribution network service providers to make an annual contribution for a specified financial year to the Climate Change Fund. The purpose of this Order is to require defined distribution network service providers to make an annual contribution to the Climate Change Fund for the financial year commencing 1 July 2012.

1. Name of Order This Order is the Energy and Utilities Administration (Energy Contributions) Order 2012.

2. Commencement This Order commences on the date that it is published in the New South Wales Government Gazette.

3. Interpretation The Explanatory Note to this Order does not form part of the Order. 4. Definitions distribution network service provider means a distribution network service provider listed in column 1 of Schedule 1.

5. Annual Contribution (1) A distribution network service provider is required to make an annual contribution to the Climate Change Fund for the financial year commencing 1 July 2012. (2) The amount of the annual contribution to be paid by a distribution network service provider is as set out in column 2 of Schedule 1.

6. Time for payment The annual contribution is to be paid by instalments on or before the first day of November 2012 (being equal to one-half of the annual contribution payable), February 2013 (being equal to one-fourth of the annual contribution payable) and May 2013 (being equal to one-fourth of the annual contribution payable).

SCHEDULE 1
Column 1                           Column 2
Distribution Network        Annual Contribution
                                          Service Provider
Ausgrid                             $118,000,000
Endeavour Energy            $74,250,000
Essential Energy               $57,750,000

Which is an annual cost of around $250 million, where's the screaming from Alan Jones and Tony Abbott?

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