Clean Energy Legislation (Carbon Tax Repeal) Act 2014 (83 of 2014)

Schedule 1   Repeal of the carbon tax

Part 3   Application and transitional provisions

Division 5   Transitional provisions commencing on Royal Assent

343   Auctions of carbon units

(1) The Regulator must not conduct an auction of carbon units after the earlier of the following days:

(a) the day this item commences;

(b) 30 June 2014.

(2) Any determination under subsection 113(1) of the Clean Energy Act 2011 ceases to have effect at the end of the day (the relevant day ) that is the earlier of the following days:

(a) the day this item commences;

(b) 30 June 2014;

except to the extent to which the determination relates to auctions conducted on or before the relevant day.