Footnotes

Inquiry into the Clean Energy Finance Corporation Bill 2012

[1]        The Hon. Greg Combet AM MP, Minister for Climate Change and Energy Efficiency, Second Reading Speech, Proof House of Representatives Hansard, 23 May 2012, p. 7.

[2]        Explanatory Memorandum, p. 7.

[3]        See Australian Government, Multi-party Climate Change Committee: Clean Energy Agreement, July 2011, p. 49.

[4]        Clean Energy Finance Corporation Expert Review, Report to government, March 2012, 
pp. 59–62.

[5]        The Hon. Wayne Swan MP; the Hon. Greg Combet AM MP; Senator the Hon. Penny Wong; the Hon. Martin Ferguson MP, 'Release of CEFC Expert Review', Joint media release, 17 April 2012.

[6]        Department of the Treasury, answer to question on notice, House of Representatives Standing Committee on Economics, Inquiry into the Clean Energy Finance Corporation Bill 2012, 28 May 2012, question 2.

[7]        House of Representatives Standing Committee on Economics, Advisory report on the Clean Energy Finance Corporation Bill 2012, Clean Energy Legislation Amendment Bill 2012, Clean Energy (Customs Tariff Amendment) Bill 2012, Clean Energy (Excise Tariff Legislation Amendment) Bill 2012, May 2012.

[8]        For the purposes of this bill, the Finance Minister is defined as the minister administering the CAC Act.

[9]        Explanatory Memorandum, p. 10. Item 41 in of the table in subsection 44(2) of the Legislative Instruments Act 2003 excludes ministerial directions to any person or body from being subject to disallowance.

[10]      The Hon. Greg Combet AM MP, Minister for Climate Change and Energy Efficiency, Second Reading Speech, Proof House of Representatives Hansard, 23 May 2012, p. 7.

[11]      Subclause 58(3) of the bill.

[12]      The Explanatory Memorandum notes that the filter 'will not be as stringent as the private sector equivalent, as the Corporation has a public policy purpose and values any positive externalities being generated. Consequently, it has different risk/return requirements. For a given return, the Corporation may take on higher risk and, for a given level of risk, due to positive externalities, may accept a lower financial return'. Explanatory Memorandum, paragraph 6.4.

[13]      Explanatory Memorandum, paragraph 6.5.

[14]      Explanatory Memorandum, paragraph 5.23.

[15]      Mr Mike Waslin, Head, CEFC Secretariat, Department of the Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 3.

[16]      Mr Mike Waslin, Head, CEFC Secretariat, Department of the Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 3.

[17]      Subclause 16(3) of the bill.

[18]      Explanatory Memorandum, paragraph 6.28.

[19]      Explanatory Memorandum, paragraph 6.34.

[20]      Explanatory Memorandum, p. 11.

[21]      The Hon. Greg Combet AM MP, Minister for Climate Change and Energy Efficiency, Second Reading Speech, Proof House of Representatives Hansard, 23 May 2012, p. 7.

[22]      Clean Energy Council, Submission 1, p. 1.

[23]      Clean Energy Council, Submission 1, p. 2.

[24]      Mr Mike Waslin, Head, CEFC Secretariat, Department of the Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 3.

[25]      Australian Conservation Foundation, Submission 6, p. 2

[26]      Beyond Zero Emissions, Submission 7, p. 4.

[27]      Australian Conservation Foundation, Submission 6, p. 2; WWF Australia, Submission 5,
pp. 4–5.

[28]      Mr Mike Waslin, Head, CEFC Secretariat, Department of the Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 4.

Coalition Senators' Dissenting Report

[1]        House of Representatives Standing Committee on Economics, Advisory report on the Clean Energy Finance Corporation Bill 2012, Clean Energy Legislation Amendment Bill 2012, Clean Energy (Customs Tariff Amendment) Bill 2012, Clean Energy (Excise Tariff Legislation Amendment) Bill 2012, May 2012, pp. 36-37.

[2]        Paragraphs 1.11 to 1.51 are taken from: House of Representatives Standing Committee on Economics, Advisory report on the Clean Energy Finance Corporation Bill 2012, Clean Energy Legislation Amendment Bill 2012, Clean Energy (Customs Tariff Amendment) Bill 2012, Clean Energy (Excise Tariff Legislation Amendment) Bill 2012, May 2012, pp. 37-51.

[3]        Mr David Nicol, Department of Finance and Deregulation, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 9

[4]        Department of Treasury, Submission 1, House Economics Committee inquiry, p. 1.

[5]        Mr Mike Waslin, Department of Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 19.

[6]        Mr Mike Waslin, Department of Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 13.

[7]        Ms Jenny Wilkinson, Department of Climate Change and Energy Efficiency, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 20.

[8]        Ms Jenny Wilkinson, Department of Climate Change and Energy Efficiency, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 20.

[9]        Mr Mike Waslin, Department of Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 16.

[10]      Mr Mike Waslin, Department of Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 10.

[11]      Ms Kelly O’Dwyer MP, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 10.

[12]      Mr Mike Waslin, Department of Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 11.

[13]      Ms Jenny Wilkinson, Department of Climate Change and Energy Efficiency, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 22.

[14]      Mr David Nicol, Department of Finance and Deregulation, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 8.

[15]      Mr David Nicol, Department of Finance and Deregulation, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 7.

[16]      Mr Mike Waslin, Department of Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 12.

[17]      Mr Mike Waslin, Department of Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, pp. 11-12.

[18]      Mr Mike Waslin, Department of Treasury, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 4.

[19]      Ms Jenny Wilkinson, Department of Climate Change and Energy Efficiency, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 21.

[20]      Mr David Nicol, Department of Finance and Deregulation, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, pp. 17-18.

[21]      Ms Kelly O’Dwyer MP, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 2.

[22]      Mr Steven Ciobo MP, Proof House of Representatives Standing Committee on Economics Hansard, 28 May 2012, p. 23.

[23]      Conservation Council of South Australia, Submission 8, p. 3.

[24]      Beyond Zero Emissions, Submission 7, p. 4.

[25]      Clean Energy Finance Corporation Expert Review, Report to government, March 2012, p. 22.

[26]      Dr Oliver Marc Hartwich, Centre for Independent Studies, A Waste of Energy: Why The Clean Energy Finance Corporation is redundant, 1 March 2012, pp. 4-5.

[27]      House of Representatives Standing Committee on Economics, Advisory report on the Clean Energy Finance Corporation Bill 2012, Clean Energy Legislation Amendment Bill 2012, Clean Energy (Customs Tariff Amendment) Bill 2012, Clean Energy (Excise Tariff Legislation Amendment) Bill 2012, May 2012, pp. 51-52.