Clean Energy Finance Corporation income tax exemption

On 8 May 2012, the government announced that the Clean Energy Finance Corporation will be exempt from tax. The objective, to be established by the government as part of the Clean Energy Future Package, is to overcome capital market barriers that hinder the financing, commercialisation and deployment of renewable energy, energy efficiency and low emissions technologies.

The tax exemption will provide certainty as to the taxation status of the Clean Energy Finance Corporation and enhance its ability to finance investments in the commercialisation and deployment of renewable energy and enabling technologies, energy efficiency and low-emissions technologies.

The measure took effect by proclamation on 3 August 2012.

Legislation and supporting material

The following legislation received royal assent on 22 July 2012:

• Clean Energy Finance Corporation Act 2012
• Explanatory Memorandum.

More information For more information refer to 2012-13 Budget - Budget paper No.2 (PDF 1.4MB) - page 22.