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Clean Energy Legislation (Carbon Tax Repeal) Act 2014
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Turn the raw legal text into a practical explanation grounded in Clean Energy Legislation (Carbon Tax Repeal) Act 2014.
Section 915B applies, on and after the designated carbon unit day, as if the following subsection was added at the end of the section: Licence relating to carbon units (5) ASIC may cancel an Australian financial services licence held by a person, by giving written notice to the person, if the licence only authorises the person to provide financial services that relate to financial products that are carbon units.