Report

Carbon monitoring report: June quarter 2014

29 Jul 2014
Description

Monitors prices, costs and profits in order to assess the general impact of the carbon tax scheme in Australia.

Executive summary

  • Pursuant to section 95ZE of the Competition and Consumer Act 2010 (CCA), the Minister gave the Australian Competition and Consumer Commission (ACCC) a Direction to undertake formal monitoring of the prices, costs and profits relating to the supply of regulated goods by corporations and the supply of goods by liable entities in order to assess the general effect of the carbon tax scheme in Australia.
  • Given the nature of the carbon tax, the key industries of focus in the ACCC’s monitoring role are wholesale and retail electricity, natural gas and synthetic greenhouse gas. The ACCC will use its investigative and enforcement powers in instances where entities in these industries have not passed through all carbon tax cost savings and/or have made false or misleading statements about the effect of the carbon tax repeal or carbon tax scheme on the price for the supply of goods or services.
  • The ACCC is also monitoring liable entities and entities which made public statements about the impact of the carbon tax upon, or during, implementation. These entities operate in the manufacturing, transport, waste, energy and domestic passenger air transport services industries. The ACCC will use its investigative and enforcement powers in instances where entities in these industries have made false or misleading statements about the effect of the carbon tax repeal or carbon tax scheme on the price for the supply of goods or services.

 

Publication Details
Published year only: 
2014
0
Share
Share
Subject Areas
Geographic Coverage
Advertisement