Summary
Part of a package of 11 bills to remove the carbon pricing mechanism, the bill repeals the Climate Change Authority Act 2011 to abolish the authority; and amends the Clean Energy Act 2011, Carbon Credits (Carbon Farming Initiative) Act 2011, National Greenhouse and Energy Reporting Act 2007 and Renewable Energy (Electricity) Act 2000 to provide for certain periodic reviews of climate change measures to be undertaken by the minister; and the Australian Securities and Investments Commission Act 2001, Clean Energy Regulator Act 2011, Competition and Consumer Act 2010 and Financial Management and Accountability Regulations 1997 to make amendments consequential on the repeal. Also enables the transfer of the authority’s assets and liabilities to the Commonwealth.