Explanatory Memorandum
Minister for Climate Change and Energy Efficiency, the Hon Greg Combet AM MPGlossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
Abbreviation | Definition |
---|---|
AIIU | Australian-issued international unit |
ANREU Act | Australian National Registry of Emissions Units Act 2011 |
ANREU Regulations | Australian National Registry of Emissions Units Regulations 2011 |
The bill | References to 'the bill' are to the Clean Energy Amendment (International Emissions Trading and Other Measures) Bill 2012 |
Carbon pricing mechanism or mechanism | The carbon pricing mechanism set up by the CE Act |
CE Act | Clean Energy Act 2011 |
CE (Charges-Customs) Act | Clean Energy (Charges-Customs) Act 2011 |
CE (Charges-Excise) Act | Clean Energy (Charges-Excise) Act 2011 |
CE (IUSC) Act | Clean Energy (International Unit Surrender Charge) Act 2011 |
CE (Unit Issue Charge-Auctions) Act | Clean Energy (Unit Issue Charge-Auctions) Act 2011 |
CER | Certified Emission Reduction unit |
CFI | The Carbon Farming Initiative |
The amendment bills | The package of bills including the Clean Energy Amendment (International Emissions Trading and Other Measures) Bill 2012, the Excise Tariff Amendment (Per-tonne Carbon Price Equivalent) Bill 2012, the Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Per-tonne Carbon Price Equivalent) Bill 2012, the Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Per-tonne Carbon Price Equivalent) Bill 2012, the Clean Energy (Charges-Excise) Amendment Bill 2012, the Clean Energy (Charges-Customs) Amendment Bill 2012, and the Clean Energy (Unit Issue Charge-Auctions) Amendment Bill 2012 |
Clean Energy Legislative Package | The package of Acts including:
|
Eligible Kyoto unit | A Kyoto unit that is also an eligible international emissions unit |
ERU | Emissions Reduction Unit |
EU | European Union |
EU Directive | Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC |
EU ETS | The European Union Emissions Trading System |
European allowance unit | An allowance within the meaning of the European Union Greenhouse Gas Emission Allowance Trading Directive, but excluding allowances issued in respect of aviation activities |
Excise Tariff Act | Excise Tariff Act 1921 |
Fuel Tax Act | Fuel Tax Act 2006 |
GST | Goods and Services Tax |
Kyoto unit | An Assigned Amount Unit, a Certified Emission Reduction unit, an Emission Reduction Unit, a Removal Unit or a prescribed unit issued in accordance with the Kyoto rules |
NGER Act | National Greenhouse and Energy Reporting Act 2007 |
OTN | Obligation Transfer Number |
PEN | Provisional Emissions Number |
Registry | Australian National Registry of Emissions Units |
Regulator | The Clean Energy Regulator |
RMU | Removal Unit |
SGG (Import Levy) Act | Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995 |
SGG (Manufacture Levy) Act | Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995 |