80APrice exploitation in relation to the carbon tax repeal—orders limiting prices or requiring refunds of money

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#### 80A Price exploitation in relation to the carbon tax repeal—orders limiting prices or requiring refunds of money (1) If, on the application of the Commission, the Court is satisfied that a person has engaged in conduct constituting a contravention of section 60C, the Court may make either or both of the following orders: (a) an order requiring that person, or a person involved in the contravention, not to make a regulated supply of a kind specified in the order for a price in excess of the price specified in the order while the order remains in force; (b) an order requiring that person, or a person involved in the contravention, to refund money to a person specified in the order. > Note: Section 60C is about price exploitation in relation to the carbon tax repeal. (2) This section does not limit section 80. (3) In this section: > price has the same meaning as in Part V. > regulated supply has the same meaning as in Part V. 12 Subsection 82(1) After “IVB”, insert “, or of section 60C or 60K,”. 13 Section 83 After “IVB”, insert “, or of section 60C or 60K,”. 14 Paragraphs 84(1)(b) and (3)(b) After “IVB”, insert “or V”. 15 After paragraph 85(a) Insert: (aa) engaged in conduct in contravention of section 60C or 60K; or 16 Paragraph 86C(2)(a) Before “a”, insert “except in the case of contravening conduct that relates to section 60C or 60K—”. 17 Paragraph 86C(2)(b) Before “a probation”, insert “except in the case of contravening conduct that relates to section 60C or 60K—”. 18 Subsection 86C(4) (paragraph (a) of the definition of contravening conduct) After “section”, insert “60C, 60K or”. 19 Subsection 87(1) After “IVB”, insert “, or of section 60C or 60K,”. 20 Paragraph 87(1A)(a) After “IVB”, insert “or section 60C or 60K”. 21 Paragraph 87(1A)(b) Omit “45E) or Division 2 of Part IVB”, substitute “45E), Division 2 of Part IVB or section 60C or 60K”. 22 Paragraph 87(1B)(a) Omit “45E) or Division 2 of Part IVB”, substitute “45E), Division 2 of Part IVB or section 60C or 60K”. 23 Subsection 87(1C) Omit “or Division 2 of Part IVB”, substitute “, Division 2 of Part IVB or section 60C or 60K”. 24 Subsection 155AAA(21) (paragraph (a) of the definition of core statutory provision) After “Part IV,”, insert “V,”. 25 Subsection 155AAA(21) (after paragraph (b) of the definition of protected information) Insert: (ba) information that was obtained by the Commission under paragraph 60FD(2)(b) or section 60FA or 60H; or 26 Before subparagraph 163A(1)(a)(ii) Insert: (i) Part V; Schedule 3—Repeal of tax offset for conservation tillage Clean Energy (Consequential Amendments) Act 2011 1 Subsection 2(1) (table item 6) Repeal the item. 2 Part 3 of Schedule 2 Repeal the Part. Income Tax Assessment Act 1997 3 Section 67‑23 (table item 24) Repeal the item. 4 Subdivision 385‑J Repeal the Subdivision. 5 Subsection 995‑1(1) (definition of eligible no‑till seeder) Repeal the definition. 6 Application of amendments The amendments made by this Schedule apply to assessments for the 2014‑15 income year and later income years. Note: The provisions of the Income Tax Assessment Act 1997 repealed by this Schedule will continue to apply to assessments for the 2012‑13 and 2013‑14 income years. 7 Transitional—timing relating to 2013‑14 income year The following provisions of the Income Tax Assessment Act 1997: (a) subparagraph 385‑175(1)(e)(ii); (b) subparagraph 385‑190(1)(c)(ii); apply for the purposes of assessments for the 2013‑14 income year as if those provisions referred to 30 June 2014 rather than 30 June 2015. Schedule 4—Repeal of the Steel Transformation Plan Act 2011 Steel Transformation Plan Act 2011 1 The whole of the Act Repeal the Act. Note: On the repeal of the Act, the Steel Transformation Plan 2012 (which was made under Part 3 of the Act) will also cease to have effect. 2 Effect of repeal (1) To avoid doubt: (a) no assistance is payable under the old Act or the old Plan after the commencement of this Schedule, including in respect of the half‑year ending on 30 June 2014; and (b) a return is not required to be (and cannot be) provided under Part 4 of the old Plan in respect of the half‑year ending on 30 June 2014 (or any later half‑year); and (c) the following conditions cease to have effect on the commencement of this Schedule: (i) conditions to which payments of competitiveness assistance advances under the old Act were subject; (ii) conditions to which registrations of corporations under the old Plan as STP participants were subject; and (d) the Department’s annual report for the financial year ending on 30 June 2014 (or any later financial year) is not required to comply with section 26 of the old Act. (2) In this item: old Act means the Steel Transformation Plan Act 2011. old Plan means the Steel Transformation Plan 2012 made under Part 3 of the old Act. Schedule 5—Australian Renewable Energy Agency’s finances Australian Renewable Energy Agency Act 2011 1 Subsection 64(1) (table) Repeal the table, substitute: ```html <table cellspacing="0" cellpadding="0" style="width:262pt; margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="3" style="width:251.2pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Yearly maximum payments to ARENA</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Financial year</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Amount for financial year</td></tr></thead><tbody><tr><td style="width:24.9pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:73.75pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2013‑2014</td><td style="width:130.95pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$581,276,000.00</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2014‑2015</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$194,340,000.00</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2015‑2016</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$89,991,000.00</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2016‑2017</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$56,950,000.00</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2017‑2018</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$499,893,000.00</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2018‑2019</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$237,000,000.00</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2019‑2020</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$468,340,000.00</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2020‑2021</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$135,000,000.00</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">9</td><td style="width:73.75pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2021‑2022</td><td style="width:130.95pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$135,000,000.00</td></tr></tbody></table> ``` 2 Subsections 64(3) to (6) Repeal the subsections. 3 Subsection 65(4) (note) Omit “subsections 64(2) to (6)”, substitute “subsection 64(2)”. 4 Application To avoid doubt: (a) the amendments made by this Part do not affect how the Australian Renewable Energy Agency Act 2011 applied, before the commencement of this Part, in relation to the financial year 2012‑2013; but (b) for the purposes of that Act as amended by this Part, subsection 64(2) of that Act does not apply so as to carry over to the 2013‑2014 financial year any unspent amount from the 2012‑2013 financial year. Note: The unspent amount from the 2012‑2013 financial year has instead been directly factored into amounts specified in the table substituted by item 1.