Mitch Fifield (Victoria, Liberal Party, Assistant Minister for Social Services) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

I seek leave to have the second reading speech incorporated in Hansard.

Leave granted.

The speech read as follows—

Together, this bill, the True-up Shortfall Levy (Excise) Carbon Tax Repeal) Bill 2013 and the Clean Energy Legislation (Carbon Tax Repeal) Bill 2013 ensure that final assistance allocations under the Jobs and Competitiveness Program are accurate so that businesses are not over or under-allocated assistance in 2013-14.

This bill imposes a levy which recovers the value of over-allocated free carbon units received under the Jobs and Competitiveness Program for the 2013-14 financial year.

For constitutional reasons, this bill imposes the levy to the extent that it is not a duty of customs or excise.

Debate adjourned.

Ordered that the resumption of the debate be made an order of the day for a later hour.