REPEAL OF THE CARBON TAX – INDUSTRY ASSISTANCE
The Government will continue to provide assistance to support relevant businesses to meet their
obligations under the carbon tax for 2013-14. However, now that there is no carbon tax, there is no
longer any need for ongoing assistance.
How does industry assistance work under the carbon tax?

A range of measures were established to help business manage the impacts of the carbon
tax, including the Jobs and Competitiveness Program, the Energy Security Fund and the
Steel Transformation Plan.

These measures were established in legislation, and were designed to help business to
meet its liabilities under the carbon tax and remain competitive in international markets that
do not have a carbon tax.
Will industry assistance measures continue now that the carbon tax is repealed?

Assistance will continue to support relevant businesses to meet their 2013-14 carbon tax
liabilities.

Now that the carbon tax has been repealed the assistance will no longer be necessary.

Industry assistance programs established in legislation, including the Jobs and
Competitiveness Program, Energy Security Fund and Steel Transformation Plan have
been abolished, with effect from 1 July 2014.
What happens to carbon units issued under the Jobs and Competitiveness Program and
Energy Security Fund?

Assistance will continue to support relevant businesses to meet their 2013-14 carbon tax
liabilities.

The repeal bills make arrangements to ‘true-up’ final assistance allocations so that
businesses are not over- or under-allocated assistance for 2013-14.

The buy-back facility for free carbon units issued for 2013-14 under the Jobs and
Competitiveness Program and Energy Security Fund will continue to operate as legislated.
More information

Jobs and Competitiveness Program
http://climatechange.gov.au/reducing-carbon/jcp

Energy Security Fund
www.industry.gov.au/Energy/EnergySecurity/fund/Pages/default.aspx
Disclaimer
While reasonable efforts have been made to ensure that the contents of this publication are factually correct,
the Commonwealth does not accept responsibility for the accuracy or completeness of the contents, and
shall not be liable for any loss or damage that may be occasioned directly or indirectly through the use of, or
reliance on, the contents of this publication.
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