Release of exposure draft regulations to provide partial exemptions for EITE activities
In recognition that the RET scheme will increase costs to firms that carry on emissions-intensive trade exposed (EITE) activities, the RET legislation includes provisions to provide partial exemptions from RET liability in respect of acquisitions of electricity used in carrying on emissions-intensive trade-exposed (EITE) activities.
On 09 December 2009, the Government has released for public consultation draft regulations, with accompanying commentary, to deliver partial exemptions from liability under the RET in relation to all activities that would qualify for assistance under the CPRS EITE assistance program.
The Government is seeking feedback from stakeholders on the draft RET exemptions regulations. The closing date for submissions has been extended to Thursday 28 January 2010. The following documents are now available for public comment:
Making a submission
The Government is committed to taking into account stakeholder feedback on the detail of draft regulations before it finalises the regulations. The Government is seeking to ensure that the regulations that are made are robust, practical and clear expressions of government policy.
All persons wishing to comment on the draft regulations are invited to make written comments to the Department of Climate Change.
Where possible submissions should be lodged electronically to the email address below, preferably in Microsoft Word or other text based formats. Alternatively, submissions may be sent to the postal address below to arrive by the due date.
Email: RET@climatechange.gov.au
Renewable Energy Team
Renewables and Reporting Branch
Department of Climate Change
GPO Box 854
CANBERRA ACT 2601