Today's bills retain CPRS maximum penalties of up to $1.1 million for corporations and 10 years' jail for directors that attempt to evade carbon price scheme obligations. Plus a CE Daily timetable of key scheme deadlines.
Climate Change Minister Greg Combet and Treasurer Wayne Swan this morning released draft bills to enact the Government's proposed carbon price package.
Investors have cautioned that companies will need to explain their intent in funding carbon price campaigns and have warned that any difference between corporate rhetoric and actions will trigger 'alarm bells'.
Changes to NSW planning laws due to take effect next month reduce the types of projects deemed 'state significant' and further restrict those eligible for a fast-track approval process.
A tribunal has rejected an attempt by a CO2 Australia subsidiary to overturn a council's refusal of planning approval for a carbon sink forest plantation.
The Australian Conservation Foundation and Environment Tasmania have welcomed a deal between the Federal and Tasmanian governments on timber industry restructuring and forest conservation, but the Greens have rejected it.
