There are three days left to make your submissions on the Carbon Tax Repeal Bills until it is due on November 4, 2013.

The repeal bills will remove the carbon tax, and end the tax on synthetic greenhouse gases from July 1, 2014.

If the Parliament doesn’t pass the carbon tax repeal bills until after July 1, 2014, it will take effect retrospectively from July 1, 2014.

Liable businesses and entities have to pay their carbon price liabilities under the current law until the end of this financial year on June 30, 2014.

Under the legislation, the Climate Change Authority will be abolished.

The legislation will give the Australian Competition and Consumer Commission (ACCC) further powers to take action against businesses that engage in price exploitation following the repeal of the carbon tax.

Carbon tax industry assistance, including the Jobs and Competitiveness Program, will continue until June 30, 2014 to assist affected businesses.

With the release of the draft repeal bills, businesses have an opportunity to comment on the specific details of the repeal process.

If you haven’t make your submissions in response to the to the Terms of Reference, take your action now. You can make a submission by email: repeal-submissions@environment.gov.au

Also, RACCA would be more than happy to assist industry members and contractors in the submissions and in matters of national legislation and regulation.