Safeguard Mechanism (Crediting) Amendment Act 2023 (Cth)

Safeguard Mechanism (Crediting) Amendment Act 2023

No. 14, 2023

An Act to amend legislation relating to emissions reductions, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Safeguard mechanism Part 1—Amendment of the National Greenhouse and Energy Reporting Act 2007 National Greenhouse and Energy Reporting Act 2007 Part 2—Amendment of the Income Tax Assessment Act 1997 Income Tax Assessment Act 1997 Part 2A—Amendment of the Climate Change Act 2022 Climate Change Act 2022 Part 2B—Amendment of the Industry Research and Development Act 1986 Industry Research and Development Act 1986 Part 3—Application of amendments Schedule 2—Australian National Registry of Emissions Units Australian National Registry of Emissions Units Act 2011 Carbon Credits (Carbon Farming Initiative) Act 2011 Schedule 3—Clean Energy Regulator Clean Energy (Consequential Amendments) Act 2011 Clean Energy Regulator Act 2011 National Greenhouse and Energy Reporting Act 2007 Schedule 4—Other amendments Part 1—Amendments commencing day after Royal Assent Carbon Credits (Carbon Farming Initiative) Act 2011 Part 2—Amendments commencing later Carbon Credits (Carbon Farming Initiative) Act 2011

Safeguard Mechanism (Crediting) Amendment Act 2023 No. 14, 2023

An Act to amend legislation relating to emissions reductions, and for related purposes

[Assented to 11 April 2023]

The Parliament of Australia enacts:

1 Short title This Act is the Safeguard Mechanism (Crediting) Amendment Act 2023.

2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 11 April 2023 2. Schedules 1, 2 and 3 The day after this Act receives the Royal Assent. 12 April 2023 3. Schedule 4, Part 1 The day after this Act receives the Royal Assent. 12 April 2023 4. Schedule 4, Part 2 A single day to be fixed by Proclamation. 4 September 2023 However, if the provisions do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period. (F2023N00250)