General policy statement

The Government's policy is to review the emissions trading scheme in the Climate Change Response Act 2002 and associated supporting arrangements and to repeal Part 6A of the Electricity Act 1992 (which introduced a 10-year restriction on new baseload fossil-fuelled thermal electricity generation capacity). This Bill repeals Part 6A. Repealing Part 6A will remove a barrier to investment in new baseload fossil-fuelled thermal electricity generation plant.

Clause by clause analysis

Clause 1 is the Title clause.

Clause 2 provides that the Bill comes into force on the day after the date on which the Bill receives the Royal assent.

Clause 3 provides that the Bill amends the Electricity Act 1992.