3Schedule(s)

#### 3 Schedule(s) Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms. Schedule 1—Repeal of the carbon tax Part 1—Repeal of Acts Clean Energy Act 2011 1 The whole of the Act Repeal the Act. Clean Energy (Charges—Customs) Act 2011 2 The whole of the Act Repeal the Act. Clean Energy (Charges—Excise) Act 2011 3 The whole of the Act Repeal the Act. Clean Energy (Unit Issue Charge—Auctions) Act 2011 4 The whole of the Act Repeal the Act. Clean Energy (Unit Issue Charge—Fixed Charge) Act 2011 5 The whole of the Act Repeal the Act. Clean Energy (Unit Shortfall Charge—General) Act 2011 6 The whole of the Act Repeal the Act. Part 2—Amendments A New Tax System (Goods and Services Tax) Act 1999 7 Section 195‑1 Insert: > eligible Australian carbon credit unit means: (a) a Kyoto Australian carbon credit unit (within the meaning of the Carbon Credits (Carbon Farming Initiative) Act 2011); or (b) a non‑Kyoto Australian carbon credit unit (within the meaning of that Act) issued in relation to an eligible offsets project (within the meaning of that Act) for a reporting period (within the meaning of that Act), where: (i) if it were assumed that the reporting period had ended before the Kyoto abatement deadline (within the meaning of that Act), a Kyoto Australian carbon credit unit would have been issued in relation to the project for the reporting period instead of the non‑Kyoto Australian carbon credit unit; and (ii) the non‑Kyoto Australian carbon credit unit is not of a kind specified in the regulations; or (c) an Australian carbon credit unit (within the meaning of that Act) of a kind specified in the regulations. Subparagraph (b)(ii) and paragraph (c) do not, by implication, limit the application of subsection 13(3) of the Legislative Instruments Act 2003 to other instruments under this Act. 8 Section 195‑1 (definition of eligible emissions unit) Repeal the definition, substitute: > eligible emissions unit means: (a) an \*eligible international emissions unit; or (b) an \*eligible Australian carbon credit unit. 9 Section 195‑1 Insert: > eligible international emissions unit has the same meaning as in the Australian National Registry of Emissions Units Act 2011. Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 10 Section 5 (definition of carbon unit) Repeal the definition. 11 Subsection 6(2) (paragraph (baa) of the cell at table item 33, column headed “Provision of a designated service”) Repeal the paragraph. 12 Subsection 6(2) (paragraph (d) of the cell at table item 33, column headed “Provision of a designated service”) Omit “carbon units,”. Australian National Registry of Emissions Units Act 2011 13 Section 3 Omit: • Entries may be made in Registry accounts for: (a) carbon units; and (b) Australian carbon credit units; and (c) Kyoto units; and (d) prescribed international units. • This Act sets out rules about dealings with: (a) Kyoto units; and (b) prescribed international units. substitute: • Entries may be made in Registry accounts for: (a) Australian carbon credit units; and (b) Kyoto units. • This Act sets out rules about dealings with Kyoto units. 14 Section 4 (definition of Australian‑issued international unit) Repeal the definition. 15 Section 4 (definition of benchmark average auction charge) Repeal the definition. 16 Section 4 (definition of carbon unit) Repeal the definition. 17 Section 4 (definition of Commonwealth foreign registry account) Repeal the definition. 18 Section 4 (paragraph (d) of the definition of eligible international emissions unit) Omit “rules; or”, substitute “rules.”. 19 Section 4 (paragraph (e) of the definition of eligible international emissions unit) Repeal the paragraph. 20 Section 4 (definition of European allowance unit) Repeal the definition. 21 Section 4 (definition of European Union Greenhouse Gas Emission Allowance Trading Directive) Repeal the definition. 22 Section 4 (definition of fixed charge year) Repeal the definition. 23 Section 4 (definition of foreign account) Repeal the definition, substitute: > foreign account, when used in relation to a Kyoto unit, means an account kept within a foreign Kyoto registry. 24 Section 4 (definition of foreign government body) Repeal the definition. 25 Section 4 (definition of hold) Omit “a carbon unit or”. 26 Section 4 (definition of Information Database) Repeal the definition. 27 Section 4 (definition of international arrangement) Repeal the definition. 28 Section 4 (definition of international organisation) Repeal the definition. 29 Section 4 (definition of issue) Repeal the definition, substitute: > issue, in relation to an Australian carbon credit unit, has the same meaning as in the Carbon Credits (Carbon Farming Initiative) Act 2011. 30 Section 4 (definition of prescribed international unit) Repeal the definition. 31 Section 4 (definition of quarter) Repeal the definition. 32 Section 4 (paragraph (aa) of the definition of registered holder) Repeal the paragraph. 33 Section 4 (paragraph (b) of the definition of registered holder) Omit “unit; or”, substitute “unit.”. 34 Section 4 (paragraph (c) of the definition of registered holder) Repeal the paragraph. 35 Section 4 (definition of relinquish) Repeal the definition. 36 Section 4 (definition of transfer) Repeal the definition, substitute: > transfer, in relation to a Kyoto unit, has the meaning given by section 33. 37 Section 4 (definition of vintage year) Repeal the definition. 38 Paragraph 9(4)(a) Omit “carbon units, Australian carbon credit units and prescribed international units”, substitute “Australian carbon credit units”. 39 Paragraph 11(5)(a) Omit “carbon units or”. 40 Section 14A Repeal the section. 41 Paragraph 15(2)(aa) Repeal the paragraph. 42 Paragraph 15(2)(c) Omit “account; and”, substitute “account.”. 43 Paragraph 15(2)(d) Repeal the paragraph. 44 Subparagraph 16(2)(b)(ii) Omit “(4), (5) and (6)”, substitute “(4) and (6)”. 45 Subsection 16(2A) Repeal the subsection (not including the heading). 46 Subsection 16(5) Repeal the subsection. 47 Paragraph 16(7)(b) Omit “or (5)”. 48 Subsection 17(1A) Repeal the subsection. 49 Subsection 17(3) Repeal the subsection. 50 Paragraph 19(3A)(a) Omit “or 49A”. 51 Subsection 19(3B) Repeal the subsection. 52 Section 21 Repeal the section. 53 Paragraph 22(4A)(a) Omit “or 49A”. 54 Subsection 22(4B) Repeal the subsection. 55 Subparagraph 26(3)(a)(ia) Repeal the subparagraph. 56 Subparagraph 26(3)(a)(ii) Omit “or”. 57 Subparagraph 26(3)(a)(iii) Repeal the subparagraph. 58 Paragraph 27(3B)(b) Omit “account; or”, substitute “account.”. 59 Paragraph 27(3B)(c) Repeal the paragraph. 60 Paragraph 28A(1)(aa) Repeal the paragraph. 61 Paragraph 28A(1)(b) Omit “or”. 62 Paragraph 28A(1)(c) Repeal the paragraph. 63 Paragraph 28A(4)(aa) Repeal the paragraph. 64 Paragraph 28B(1)(aa) Repeal the paragraph. 65 Paragraph 28B(1)(b) Omit “or”. 66 Paragraph 28B(1)(c) Repeal the paragraph. 67 Paragraph 28B(11)(aa) Repeal the paragraph. 68 Subsection 28B(11) (paragraph (c) of the note) Omit “Act; and”, substitute “Act.”. 69 Subsection 28B(11) (paragraphs (d) and (e) of the note) Repeal the paragraphs. 70 Paragraph 28C(17)(aa) Repeal the paragraph. 71 Subparagraph 28D(5)(a)(ii) Omit “carbon units or”. 72 Paragraph 28D(5)(b) Repeal the paragraph, substitute: (b) a notice to relinquish Australian carbon credit units under section 175 of the Carbon Credits (Carbon Farming Initiative) Act 2011 does not have effect. 73 Paragraph 28D(16)(aa) Repeal the paragraph. 74 Part 4 Repeal the Part. 75 Section 58 Omit: • The Regulator must publish certain information about: (a) the holders of Registry accounts; and (b) carbon units; and (c) Kyoto units; and (d) prescribed international units. substitute: • The Regulator must publish certain information about: (a) the holders of Registry accounts; and (b) Kyoto units. 76 Section 59A Repeal the section. 77 Subsections 61(3) to (6) Repeal the subsections. 78 Section 61A Repeal the section. 79 Sections 63 to 63G Repeal the sections. 80 Section 64 Omit: • If a person is the registered holder of one or more carbon units, the person may request the Regulator to cancel any or all of those units. However, this rule does not apply to a unit that was issued for a fixed charge and has a vintage year that is a fixed charge year. 81 Section 64 Omit: • If a person is the registered holder of one or more prescribed international units, the person may request the Regulator to cancel any or all of those units. 82 Section 64A Repeal the section. 83 Section 66 Repeal the section. 84 Parts 6A and 6B Repeal the Parts. 85 Paragraph 79(1)(c) Omit “27(4);”, substitute “27(4).”. 86 Paragraph 79(1)(d) Repeal the paragraph. 87 Section 82 (table item 2) Omit “or 53”. 88 Section 82 (table item 3) Repeal the item. 89 Section 82 (table items 8 and 9) Omit “or 21”. 90 Section 82 (table items 15 and 16) Repeal the items. 91 Section 86A Repeal the section. Australian Securities and Investments Commission Act 2001 92 Paragraph 12BAA(7)(ka) Repeal the paragraph. 93 Paragraph 12BAB(1)(g) Omit “a carbon unit,”. 94 At the end of the Act Add: