Summary
Further to the package of bills to remove the carbon pricing mechanism, the bill: repeals the Clean Energy Finance Corporation Act 2012 to abolish the Clean Energy Finance Corporation (CEFC); amends the Australian Renewable Energy Agency Act 2011 and Clean Energy Regulator Act 2011 to make amendments consequent on the repeal; abolishes the CEFC Transitional Special Account established as a temporary measure; and enables the transfer of the corporation’s assets and liabilities to the Commonwealth.