- Date
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24 Mar 2011
- Chamber
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House of Representatives
- Status
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Act
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Portfolio
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Climate Change and Energy Efficiency
- Summary
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Part of a package of three bills to establish the Carbon Farming Initiative, the bill amends the:
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
to provide that financial institutions and other persons who buy Australian carbon credit units (ACCUs) are subject to reporting and other obligations; Australian Securities and Investments Commission Act 2001
and Corporations Act 2001
in relation to the regulation of financial services for ACCUs; Australian Securities and Investments Commission Act 2001
, Competition and Consumer Act 2010
and National Greenhouse and Energy Reporting Act 2007
to provide for the appropriate exchange of information between administrators; and National Greenhouse and Energy Reporting Act 2007
to extend the arrangements for reporting transfer certificates beyond 30 June 2011.