Senate debates
Monday, 30 November 2009
Carbon Pollution Reduction Scheme Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]; Australian Climate Change Regulatory Authority Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Customs) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Excise) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — General) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) (Consequential Amendments) Bill 2009 [No. 2]; Excise Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Customs Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 [No. 2]
In Committee
2:56 pm
Barnaby Joyce (Queensland, National Party) Share this | Hansard source
I will just briefly discuss this. We do not intend to divide. We will concur with the voices. This is about the commissions collected by major banks and broking houses on the trading of permits. We believe that the position of those institutions on this was guided not by a desire to change the environment but by a desire to make an inordinate amount of money. We realise that they have an entitlement to a return on the work they have done but we call for a limit on the percentage commission that they can ask for. That would mean that their engagement with the environment would be in concurrence with the sacrifices that the rest of the community would have to make. I move amendment (1) on sheet 6023 standing in the name of the National Party:
(1) Page 143 (after line 23), after Subdivision C, insert:
Subdivision CA—Commissions payable in relation to trading of Australian emissions units
103AA Commissions payable in relation to trading of Australian emissions units
A person must not charge a commission greater than 0.01% of the gross selling price in relation to the trading or auction of an Australian emissions unit.
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