Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

5:29 pm

Photo of Jonathon DuniamJonathon Duniam (Tasmania, Liberal Party, Shadow Minister for Environment, Fisheries and Forestry) Share this | Hansard source

If a facility exceeds its baseline and can't access ACCUs—and it certainly won't be in possession of SMCs—they then have to pay a penalty. Does the payment of that penalty extinguish any liability for being over the baseline in perpetuity or is it for that calendar year—or does it not do that at all and they remain in a position where they need to rectify this breach by meeting the baseline?

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