Summary
The bill: establishes Renew Australia as a statutory authority to oversee the transition of Australia's electricity system to one based on renewable energy by 2030 and provides for its functions and powers; establishes the Board of Renew Australia and provides for its functions, members and meetings; provides for the appointment of a Chief Executive Officer and staff, consultants and committees; provides for financial arrangements; and sets out a timetable for the phased closure of coal-fired power stations.