Appendix A: Revenue Measures (Continued)
Sustainability, Environment, Water, Population and Communities
Clean Energy Future — Putting a Price on Pollution — synthetic greenhouse gases and ozone depleting substances
| 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | 2014-15 | |
|---|---|---|---|---|---|
| Department of Sustainability, Environment, Water, Population and Communities |
- | - | 190.0 | 220.0 | 220.0 |
| Related expense ($m) | |||||
| Department of Sustainability, Environment, Water, Population and Communities |
- | 1.0 | 2.2 | 25.7 | 31.1 |
| Related capital ($m) | |||||
| Department of Sustainability, Environment, Water, Population and Communities |
- | .. | - | - | - |
The Government will apply an effective carbon price on Kyoto protocol synthetic gases (hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride) by increasing the levies applied to importers and producers of such gases.
The levy will be set one year in advance and will apply on the basis of the tonnes of carbon dioxide equivalent of these gases. In the first three years, the rate of the levy will be the fixed carbon price. Under the flexible price from 2015‑16, the rate will be the benchmark permit auction price of the previous financial year.
The measure will have a gain to revenue estimated to be $630.0 million over the forward estimates. The Government will also provide $60.0 million over four years (and $37.9 million in 2015‑16) for the Department of Sustainability, Environment, Water, Population and Communities to manage the new arrangements, provide refunds where the synthetic greenhouse gas is destroyed rather than emitted into the atmosphere, and pay the operators of the destruction facilities for the destruction of greenhouse gases.
Further information can be found in the Government's plan for a clean energy future released on 10 July 2011.
If www.budget.gov.au responds slowly or you are having trouble downloading a document, try one of the Budget Website Mirrors
Note: Where possible, Budget documents are available in HTML and for downloading in Portable Document Format(PDF). If you require further information on any of the tables or charts on this website, please contact The Treasury.
