Josh Wilson (Fremantle, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

I am pleased to introduce the Future Made in Australia (Guarantee of Origin Charges) Bill 2024.

This bill supports the Future Made in Australia (Guarantee of Origin) Bill 2024, which establishes the Guarantee of Origin scheme.

The Guarantee of Origin scheme will provide the emissions accounting backbone to support the development of Australia's low-emissions industries and to succeed the accreditation and certification scheme provided under the Renewable Energy Target arrangements, which come to an end in 2030.

The scheme will help Australia to leverage the transition to net zero emissions and realise our potential as a renewable energy superpower.

The scheme sets up a nationally consistent, government led framework that will help Australian producers to account for the emissions embedded in their products to remain competitive in new and emerging domestic and global markets.

The independent Clean Energy Regulator will be responsible for administering the Guarantee of Origin scheme.

Their knowledge and experience in administrative processes and systems will ensure the efficient establishment and operation of the Guarantee of Origin scheme.

The scheme provides a certification framework for voluntary participants from a diverse variety of sectors such as manufacturing and electricity generation. It will also require the regulator to maintain a public register of information that records certificate information as well as certain details on facilities that are registered under the scheme.

This bill helps ensure that the activities of the Clean Energy Regulator in administering the scheme will be fully cost recovered.

Cost recovery fees allowed for by the Future Made in Australia (Guarantee of Origin) Bill 2024 will offset the cost of delivering services that benefit an individual scheme participant. Cost recovery allowed for through this bill will also offset the cost of delivering services that broadly benefit scheme participants and that cannot be collected as a fee for a service that benefits an individual participant.

This bill enables the regulator to effectively and efficiently administer the Guarantee of Origin scheme on a financially sustainable basis.

This will help ensure the timely commencement of the Guarantee of Origin scheme, which in turn means that Australian companies will benefit as soon as possible from the opportunities that the scheme provides.

Debate adjourned.