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Australia's Climate Change Plan: How it will work and implications [PDF 585KB]
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Central to the plan is the introduction of a carbon price mechanism (often referred to as the 'Carbon Tax') along with a significant package of complementary measures and assistance for business and households.
With a start date of 1 July 2012, an understanding of the mechanics of this major reform is important for all businesses.
KPMG has prepared this summary of the Climate Change Plan including the proposed carbon price mechanism – how it will work and the key implications for business in Australia.
Key design elements
KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.