• Service: Audit, Accounting Advisory Services, Climate Change & Accounting Assurance, Tax, R&D Incentives, Environmental Incentives, Advisory, Risk Consulting, Climate Change & Sustainability Services, Topics, Climate Change
  • Type: Business and industry issue
  • Date: 28/04/2014

Emissions Reduction Fund – what you need to know

Emissions Reduction Fund
KPMG's overview of the Australian Government's Emissions Reduction Fund, including the Carbon Price Mechanism.

The Emissions Reduction Fund – key business implications 

The Australian Government has released the Emissions Reduction Fund White Paper, which outlines the principles behind their Direct Action Plan and its ability to reduce Australia’s carbon or greenhouse gas emissions by 5 percent (of year 2000 levels) by 2020.

KPMG has developed a summary of the White Paper that outlines its key implications to your business.

Key insights

  • The timing of the proposed development and implementation of the Emissions Reduction Fund.
  • The proposed repeal of the current carbon price mechanism.
  • Your business may face a range of regulatory impacts resulting from new and potentially complex policies.
  • There are several aspects of the Government’s repeal of the Carbon Pricing Mechanism that may affect your business, including the repeal's timing and how this impacts financial accounting and reporting, and the difficulty of removing the price of carbon from goods and services.

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