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Browsing Tag »cent«

→  May 8, 2012

LOW and middle income earners will be eligible for $20 billion in cost-of-living assistance over the next four years after today’s federal budget unveiled another $5 billion in payments to coincide with the introduction of the carbon tax. The budget, which the Treasurer, Wayne Swan described as Labor to its bootstraps, abolishes planned cuts to […]

→  May 8, 2012

LOW and middle income earners will be eligible for $20 billion in cost-of-living assistance over the next four years after today’s federal budget unveiled another $5 billion in payments to coincide with the introduction of the carbon tax. The budget, which the Treasurer, Wayne Swan described as Labor to its bootstraps, abolishes planned cuts to […]

→  May 3, 2012

South Korea approved a cap-and-trade system to cut carbon emissions as President Lee Myung Bak seeks support from factories and power plants in the fastest-growing producer of greenhouse gases among industrialised democracies. The National Assembly passed a bill to establish a cap-and- trade system in the country by 2015 with the backing of both ruling […]

→  April 29, 2012

The federal government’s carbon-pricing mechanism (aka the carbon tax) will come into effect on July 1 and, although it has been widely covered in the media, it is not yet clear what the impact on individual sectors will be. In a nutshell, the tax will require Australia’s top-500 carbon emitters to pay $23 a tonne […]