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: