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 Pressure on to release carbon tax advice 

Pressure on to release carbon tax advice

10 Jan, 2012 09:31 AM
THE federal government has sought legal advice on whether the repeal of its carbon price legislation would en­able companies to claim millions of dollars in compensation, but has refused to release the advice.

The advice was sought after Opposition Leader Tony Abbott pledged to repeal the carbon price, and following the introduction of the legislation into Parliament in September, The Australian Financial Review reports.

Under the legislation, carbon units are defined as "personal property", prompting claims that Labor had planted a "poison pill" to ensure a future Coalition government would be forced to pay compensation to companies that had bought forward permits.

Climate Change Minister Greg Combet also warned the Coalition would have to explain how it would compensate companies if the legislation was repealed.

But his department has refused to release the advice, claiming it was a long-standing practice that such opinions were "generally not disclosed as doing so may prejudice the Commonwealth's legal interests".

However, the Gillard government has previously released legal advice: when the High Court stymied the Malaysia refugee swap deal and in relation to the Water Act and draft guide for the Murray-Darling basin.

As a result, the opposition called yesterday for the carbon advice to also be released. "This government has been more than happy to release legal advice when it suits them," shadow environment parliamentary secretary Simon Birmingham said ­yesterday.

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comments


Date: Newest first | Oldest first
farmers, be very ,very careful if you are considering going into a carbon tax contract. we were approached, all seemed ok, then the last sting.......we take out a 100 year contract to supply over your land.yeah...right 100 years,the government dosnt know whats its doing next week.the groups doing the promotion are not there for the farmers best interest,its money, hard earned cash,and to tie up my land, from now to 100years aint going to happen end of story. I offered them 3 years max and thats no good for them, so alarm bells ring.all these get rich schemes come and go.
Posted by love the country, 11/01/2012 6:26:28 AM
Love the country, you are dead right, most lurk merchants, confidence tricksters and down right thieves out there posing as carbon traders are only interested in owning a Lamborghini and a gold Coast penthouse at the expense of your farm. Be aware, be very aware.
Posted by Will from Bordertown, 11/01/2012 11:13:25 AM
How do you take out a 100 year contract, on land that has a 40 year lease?
Posted by Qlander, 11/01/2012 11:24:23 AM
Good news: Carbon emissions 'will defer Ice Age'

http://www.bbc.co.uk/news/science-environment-16439807

Posted by Bill Pounder, 11/01/2012 11:49:10 AM
Pounder, did you actually read the story you cite? Not good news at all. The scientist (Dr Skinner) concludes: "where we're going is not maintaining our currently warm climate but heating it much further, and adding CO2 to a warm climate is very different from adding it to a cold climate."
Posted by nico, 11/01/2012 2:37:22 PM
How could anyone ever vote Fed Labor ever again, you would have to have rocks in your head to vote for this bunch of super gangsters.
Posted by Loc Hey, 11/01/2012 3:50:21 PM
The "rules of engagement" for growing trees for carbon credits has a section in it wherein there will be a water allocation charge regardless of whether or not you irrigate them or not. On the other hand, if you grow trees for harvesting the wood, there is no water allocation fee. On top of this, you have to pay a consultant to "audit" the plantation at regular intervals. There is a base price of $15/tonne guaranteed and no one can buy international credits without paying the govt the balance below this price. I don't imagine there will be much of the carbon price left over for the landowner.
Posted by Trugger, 12/01/2012 6:08:13 AM
trugger - the regulations state that if you are planting for harvest trees in a +600mm rainfall areas and you want to claim carbon credits then you need to have a water entitlement, unless it is for salinity control. Even if you are not planting for carbon you need to ensure that you meet NWI planning requirements. This is designed to protect water entitlements of downstream users from being intercepted by carbon forests.
Posted by the lorax, 12/01/2012 10:57:41 PM
Trugger - you have to have the project independently audited before credits can be issued, this is to ensure integrity in the scheme. Costs will depend on the complexity of the project and the size. The price will be around 23/tonne to start and after 2015 the lowest price will be 15 due to the price collar.After 2018 it is less clear and will depend on international prices. The CEF requires at least 50% of credits purchased by liable entities are form Australia. the current demand is 52 million tonnes between 2012 and 2015, at current prices that is about 1.25billion
Posted by the lorax, 12/01/2012 11:02:00 PM
Lorax, you cannot harvest trees planted for carbon credits. Remember the 100 year rule? In this period in my district, you could have three rotations of timber production. I would like to see an analysis of timber versus carbon credits. Otherwise, you have reinforced what I said nicely, thank you.
Posted by Trugger, 13/01/2012 12:57:55 PM
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Q: What do you think is the most important big issue confronting farmers at the moment?

Water
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Supermarket prices for farm produce
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Total Votes: 349
Poll Date: 09 January, 2012

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